Busi 301 law - Study guides, Class notes & Summaries

BUSI 301 Liberty University -BUSI 301 Unit 3 Test well answered to passagency law generally exists on the state statutory level and is based on the: - correct answer restatement (second) of agency indemnification - correct answer right of reimbursement from another for a loss suffered due to a third party's act or default vicarious liability - correct answer liability that a supervisory party (typically an employer) bears for the actionable conduct of a subordinate or associate (such as a...

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 fully solvedTort - correct answer Civil wrong where one party has acted/failed to act, leading to a loss suffered by another party. Tort Law - correct answer Intended to compensate injured parties for losses resulting harm for some unreasonable conduct by another. Torfeasor - correct answer One who commits a tort Tortious conduct - correct answer Tortfeasor's wrongful conduct Restatements of Torts - correct answer Document that gov...

BUSI 301 Exam #1 Liberty University - Question and answers already passed BUSI 301 Exam #1 an employee hired or appointed within an organization to settle disputes is called an - correct answer ombudsperson Violetta voluntarily goes for a ride with alfredo, who is drunk. a court would regard this as: - correct answer the assumption of the risk the tort of false imprisonment protects - correct answer mental and physical interests stare decisis - correct answer lends predictability ...

BUSI 301 Week 5: Ch. 15Business corporation law - correct answer Often the title for a specific state law that covers such matters as the structure of the corporation, oversight of the activity of the corporation's managers, rights of the principals in the case of the sale of assets or ownership interests, annual reporting requirements, and other issues that affect the internal rules of the business venture. Revised Model Business Corporation Act (RMBCA) - correct answer Model act drafted by...

BUSI 301 Unit 3 Testagency law generally exists on the state statutory level and is based on the: - correct answer restatement (second) of agency indemnification - correct answer right of reimbursement from another for a loss suffered due to a third party's act or default vicarious liability - correct answer liability that a supervisory party (typically an employer) bears for the actionable conduct of a subordinate or associate (such as an employee) agency law - correct answer the body...

BUSI 301 Liberty University -BUSI 301 well answered graded A+The Constitution - correct answer ______ has amendments that help protect the citizens from certain types of government acts Preamble - correct answer The borad objectives of the constitution are contained in the _______ law fact - correct answer at trial the judge decides the _____ and the jury decides the ______ Mediation ADR - correct answer ________ is entered into on a voluntary basis and can be binding or non binding bec...

BUSI 301 Business Law Exam 2 Liberty University - Questions with complete solution BUSI 301 Business Law Exam 2 Elements of a Contract - correct answer agreement, consideration, capacity, legality Agreement - correct answer offer and acceptance Consideration - correct answer bargained-for exchange and legally sufficient Capacity - correct answer minor, incompetent, intoxicated Legality - correct answer gambling, crime Guinuiness of Assent - correct answer A mistake or misrep...

BUSI 301 - Week 2 well answered 100%Civil Litigation - correct answer a dispute resolution process of civil (noncriminal) cases in public courts of law. Dispute Resolution - correct answer A method of handling complaints outside the judicial process through a mediator appointed by the court Arbitration - correct answer settling a dispute by agreeing to accept the decision of an impartial outsider informal settlements/consent decrees - correct answer practical devices to cut across the p...

BUSI 301 Business Law Exam 2 fully solved graded A+Elements of a Contract - correct answer agreement, consideration, capacity, legality Agreement - correct answer offer and acceptance Consideration - correct answer bargained-for exchange and legally sufficient Capacity - correct answer minor, incompetent, intoxicated Legality - correct answer gambling, crime Guinuiness of Assent - correct answer A mistake or misrepresentation Form - correct answer writing/statute of frauds Ora...

BUSI 301 Liberty University -BUSI 301 Test #2 Liberty University well answeredMutual asset - correct answer Offer and agreement between parties Capacity to contract - correct answer Parties must be of proper age and mental competence Consideration - correct answer Bargained for exchange of goods and/or services Legal Purpose - correct answer Reason and outcome of the contract must be legal Contracts for services (legal, accounting, engineering, real estate) - correct answer State Com...