Bmgt 380 - Study guides, Class notes & Summaries

BMGT 380 Final Exam Questions And Answers Latest Update

Requirements of an offer - ️️First, they look for some objective indication of a present intent to contract on the part of the offeror. Second, they look for specificity, or definiteness, in the terms of the alleged offer. Third, they look to see whether the alleged offer has been communicated to the offeree. Freedo elements of a contract - ️️made up of an offer and an acceptance of that offer. In addition, there usually must be consideration to support each party's promise. The...

Law of Equity - ️️A system of deciding cases in which judges use their wisdom and experience to determine the fairest course of action for not only the parties involved but also society as a whole. makes sure people don't take advantage of laws legal reasoning - ️️The process of reasoning by which a judge harmonizes his or her decision with the judicial decisions of previous cases. Persuasive Authority - ️️Any legal authority or source of law that a court may look to for gui...

BMGT 380 Exam 1 Questions And Answers Latest Update

Substantial performance standard - ️️slightly lower standard applied to duties that are difficult to perform without some deviation from perfection in minor respects -service contracts 4 excuses of conditions - ️️-party being benefited from condition has prevented/hindered it from occurring -waiver (automatically give up right to condition occurring) -estoppel (when you've relied on my waiver/representation I am estopped from asserting the condition) -performance of condition ...

Auctions - ️️Treated as invitation. Once negotiation is done there is a contract. Sellers offer people to bid, goes to highest bidder. Offer Parts - ️️1) Objective indication of present intent (reasonable person thinks its a contract) 2) Specificity of Terms 3) Communication of Offer Types of Contracts - ️️Unilateral- 1 party make a promise (punch card) Bilateral- both parties make a promise (renting a facility) Valid Contract - ️️Meets all legal requirements and is enfor...

Federal Court of Appeals - ️️Circuit courts that hear appeals from the district courts within their respective federal judicial circuit and are considered to be very powerful and influential in their own right. 1-11 are for their respective states, the 12th is DC circuit court of appeals, and the 13th is the Federal circuit (hears appeals from specialized federal courts). Functions of Law - ️️1. Peace keeping 2. Control government power 3. Promoting people's reasonable expectat...

tort correct answers a civil wrong that is not a breach of contract compensatory damages correct answers damages for physical injuries intentional conduct, recklessness, neglilence, strict liability correct answers what are four basic kinds of misconduct? intent correct answers the desire to cause certain consequences or the substantial certainty (that those consequences will result in misconduct) recklessness correct answers the conscious indifference to a known and substantial risk...

(UMGC) BMGT 380 Business Law I Comprehensive Midterm Exam Guide Q & A 2024(UMGC) BMGT 380 Business Law I Comprehensive Midterm Exam Guide Q & A 2024(UMGC) BMGT 380 Business Law I Comprehensive Midterm Exam Guide Q & A 2024

BMGT 380 1st Exam Questions And Answers