Busi 301 law - Study guides, Class notes & Summaries

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solvedPrincipals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of protection What i...

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Liberty University - Question and answers rated A+ Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Principals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- l...

BUSI 301 - LAW Liberty University - Question and answers verified to pass BUSI 301 - LAW A lack of genuine assent occurs in all of the following cases except:______. failure to reduce the contract to a writing. The signature of the ______ is the one element of contract formality that is uniformly required. party against whom enforcement is sought Brainpower Read More Imposing conditions to a contract helps the parties allocate or adjust _____ associated with performing a co...

BUSI 301 - LAW questions with correct answersA lack of genuine assent occurs in all of the following cases except:______. failure to reduce the contract to a writing. The signature of the ______ is the one element of contract formality that is uniformly required. party against whom enforcement is sought Brainpower Read More Imposing conditions to a contract helps the parties allocate or adjust _____ associated with performing a contract. risk Passing the CPA exam or meeting...

BUSI 301 - LAW questions and answers graded A+A lack of genuine assent occurs in all of the following cases except:______. failure to reduce the contract to a writing. The signature of the ______ is the one element of contract formality that is uniformly required. party against whom enforcement is sought Brainpower Read More Imposing conditions to a contract helps the parties allocate or adjust _____ associated with performing a contract. risk Passing the CPA exam or meetin...

Liberty University-BUSI 301-BUSI LAW- FINAL CH. 14-17 STUDY GUIDE EXAM 2024. Principals - CORRECT ANSWER Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - CORRECT ANSWER Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - CORRECT ANSWER Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of prot...

BUSI 301 Liberty University -Business Law 301: Exam 3 with 100% correct answers Mediation - correct answer - satisfy mutual interests of the parties with the assistance of a mediator - mediator has no power - focus on needs rather than rights Typical Stages of Mediation - correct answer - Initial Contact - Beginning Mediation Session - Discuss Each Issue - Caucus may be necessary - final agreement in writing Initial Contact - correct answer - Educate Parties - Formal Agreement to me...

BUSI 301 Liberty University -BUSI 301 (Business Law) Chapter 1 Concepts verifiedLaw - correct answer A body of rules of action or conduct prescribed by controlling authority and having legal binding force In what type of terms should you think of law? - correct answer Broad terms What is the common characteristic of the current state of law? - correct answer It creates duties, obligations, and rights that reflect accepted views of a given society How is law classified? - correct answer ...

BUSI 301 Liberty University -BUSI 301 Exam 2 correctly answered_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be i...

Busi 301 Week 3Agency is a legal relationship in which the parties agree, in some form, that one party will act as an ----- for another party, called the -----, subject to the control of the principal - correct answer agent principal Agents can be classified into any of the following broad categories except: ______. - correct answer principal-agents The nonagent employee relationship is referred to as the ----- - correct answer master-servant relationship. In most employer-employee age...