Busfin 3500 final - Study guides, Class notes & Summaries

Busfin 3500 Final Exam Questions With Correct Answers

BUSFIN 3500 Final Exam | Questions and Answers Contract promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty Contract Law falls under what jurisdiction State Elements of a Contract Agreement Consideration Legal Capacity Legal Object Agreement consists of an offer by one party to enter into a contract an acceptance of the terms by the other party Consideration the bargained-for exchange for his or her promis...

BUSFIN 3500 Final | Questions and Answers Law and Ethics Are Interconnected: perceived unethical business behavior often spurs public outcry for increased regulation of business. Ethics Principles 1) Maintain Fiduciary Standards 2)Avoid appearance of a Conflict of Interest 3) Respect Confidential Relations 4) Exercise Due Care and Due Diligence 5) Act in Good Faith and Deal Fairly with Others Fiduciary Someone who occupies a position of power, trust and confidence regarding property of anothe...