Legl 2700 roessing exam 2 - Study guides, Class notes & Summaries

LEGL 2700 Matt Roessing Chapter 8 and 9 Notes for Exam 2

LEGL 2700 Roessing Test 1 Exam Set Questions And Verified Correct Answers 1. JPMorgan and Chase - ANSWER : During the housing crisis in 2010, JPMorgan and Chase didn't let their shareholders in on information that may have impacted their stock decisions. They settled a wide array of cases costing more than $20 billion. 2. Law - ANSWER : Brings people together. Stated by state and backed up by enforcement. Made up of rules. Written ad Accessable 3. Hammurabi's Code - ANSWER : ...

LEGL 2700 ROESSING TEST 1 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+

LEGL 2700 ROESSING EXAM 4 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+

Promise - Answer- A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer- The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer- Tangible (touchable), movable personal property Bilateral Contract - Answer- Promise in exchange for a promise Involves promisor and promisee Usually made to a specific person Acceptance, then p...

property - correct answer -the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - correct answer -protects private persons and allows them to exclude others from interfering with resources that are acquired without force, theft, or fraud public property - correct answer -state's right under various circumstances to exclude people from state monuments, buildings, equipment, land, and other public reso...

LEGL 2700 Matt Roessing Chapter 8 and 9 Notes for Exam 2 Questions and Answers contract - Correct ️️ legally enforced promise or an exchange of promises contract law - Correct ️️ enables private agreements to be legally enforceable Uniform Commercial Code - Correct ️️ creates special rules applicable to the sale of goos bilateral contract - Correct ️️ involves a promise for promise exchange unilateral contract - Correct ️️ exists when a promise is made in exchange for p...

LEGL 2700 Roessing Test 3 Exam Study Guide. Contract - answera legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) - answer-covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to contracts -Section 207: "Battle of Forms" -> Deal still goes through bilateral contracts - answer-involve a promise for promise exchange ( mutual promises) -acceptance i...

LEGL 2700 Roessing FINAL EXAM Question and Answers [100% Correct] Latest Release!! Promise A pledge or intent to be held accountable for a contractual responsibility Uniform Commercial Code (UCC) commercial law A highly successful effort to encourage state-level uniformity in Intended to streamline, clarify, and update the regulations governing trade and business transactions Goods Physical, portable items of personal property Bilateral Contract ...

Exam 2: LEGL 2700 Roessing Updated Questions and Solutions "Force Majeure" - Answer Act of God (War, terrorism, fire, flood) (Type of Release to a contract) Acceptance - Answer The contractual communication of agreeing to another's offer Creates a contract Accord and Satisfaction - Answer Payment of money, or other thing of value, usually less than the amount demanded, in exchange for cancellation of a debt that is uncertain in amount Anti-assignment Clause - Answer A contractual prov...