Wgu business law c713 - Study guides, Class notes & Summaries

Negligence Failure to exercise appropriate and or ethically ruled care expected to be exercised among specific circumstances. *Duty of Care, breach, proximate cause, and damages must be established in negligence case *court will typically compare the actions of the defendant to a "reasonable person" Mailbox Rule Acceptance is affected upon sending out the letter, not receiving it. Trespass to Land When someone enters onto, above, or below the surface of land owned by som...

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How w...

Define and describe "negotiation." negotiation is the transfer of an instrument in such form that the transferee becomes a holder requires both delivery and indorsement What are the two methods of negotiation? order instrument or a bearer instrument. Order Instrument contains the name of a payee capable of indorsing, as in "Pay to the order of Jamie Fowler. Bearer Instrument negotiated by delivery—that is, by transfer into another person's possession. Indorsement is not n...

1. A federal trial court is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? A. Legal positivism B. Administrative law C. State decisis D. Res ipsa loquitur C. Stare decisis 2. What is an example of the concept of precedent? A. An injunction issued by a judge o...

What purpose does the law serve in our society? To resolve conflicts in our society without the ise of volence. What are the three branches of government? Executive, Legislative, and Judicial What is Statutory Law? Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? A branch of law that governs the c...

A federal trial court judge is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? - Stare decisis What is an example of the concept of precedent? - A case that a lower trial court identifies as resolving a similar issue An employee leaves the company office and is injured by a fa...

The legal system in the United States is comprised of 1) both state and federal constitutions 2) statutes and agency regulations 3) judicial decisions Local and state laws may not conflict with federal laws Primary sources of law constitutional law, statutory law, common law, and administrative law the law serves to 1) keep the peace 2) maintain the status quo 3) preserve individual rights 4) protect minorities against majorities 5) promote social justice 6) provi...

1.1 The doctrine of precedent is beneficial because it ensures predictability in the court system 1.1 The system of government used by the Iroquois Native Americans and the League of the Iroquois was the inspiration for our government by providing an example of a(n): A two level government, each with its own specific powers. 1.1 Mediation, a form of dispute resolution, has its roots in the laws of England...In the tenth century, England was divided into shires, and the day-to-da...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC vio...

1. Which type of law governs an individual's prosecution for the crime of grand larceny? A. Administrative law B. Statutory law C. Common law D. Constitutional law - ️️B. Statutory law 2. From which source do laws governing crimes primarily arise? A. Constitutional law B. Civil law C. Common law D. Statutory law - ️️D. Statutory law 3. What type of law provides the basis for substantive due process and equal protection? A. Constitutional law B. Crimin...