Wgu business law c713 - Study guides, Class notes & Summaries
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C713 - Business Law (WGU) exam questions and answers 2024
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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...
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Business Law WGU C713 Version 3 | 162 Questions and Answers(A+ Solution guide)
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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 creation and operat...
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WGU - BUSINESS LAW C713 EXAM 2023 WITH 100% CORRECT ANSWERS
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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...
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WGU: Business Law - C713 exam 2023 with 100% correct answers
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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...
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WGU :: C713 :: Business Law :: Version Two exam 2023 with 100% correct answers
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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...
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WGU Business Law C713 Chapter 1 exam questions and answers 2024
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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...
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Business Law WGU C713 Version 3 exam 2023 with 100% correct answers
- Exam (elaborations) • 19 pages • 2023
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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...
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WGU C713 Business Law - Pre-Assessment Questions | 108 Questions with 100% Correct Answers | Verified | Latest Update | 31 Pages
- Exam (elaborations) • 31 pages • 2023
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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...
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C713 Business Law WGU exam 2023 with 100% correct answers
- Exam (elaborations) • 36 pages • 2023
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Available in package deal
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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...
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WGU C713 Business Law Complete Study Set
- Other • 32 pages • 2023
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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...
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