Legl 2700 test 3 - Study guides, Class notes & Summaries

Role of Scarcity (property) - correct answer need for resources overtakes supply of those resources State controlled/communism - correct answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - correct answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - correct answer not purely one or the other Real Property - correct answer lan...

LEGL 2700 UGA Test 1 Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is the primary purpose of contract law? To enforce agreements made between parties and ensure that promises are fulfilled in a legally binding manner. What elements must be present for a contract to be legally enforceable? Offer, acceptance, consideration, mutual assent, and a legal purpose. How does consideration function in a contract? Consideration refers to something of value exchan...

Legl 2700 Test 3 With Questions and Answers 2024...

LEGL 2700 Test 3 Epstein UGA Exam Actual Real Set Questions With Revised Correct Answers | Passed!! Role of Scarcity (property) - ANSWER : need for resources overtakes supply of those resources State controlled/communism - ANSWER : govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - ANSWER : enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally ...

LEGL 2700 Test 3 Questions and Answers (Graded A)

LEGL 2700 test 3 Epstein UGA Exam Questions Solved Role of Scarcity (property) - Answer -need for resources overtakes supply of those resources State controlled/communism - Answer -govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - Answer -enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - Answer -not purely one or the other Real Pr...

LEGL 2700 Test 3 with complete solution / Latest updated .

LEGL 2700 test 3 Epstein UGA Questions And Answers Criminal Law - Answer -- Protects wrongs against society. - Authority in federal and state codes(penal codes). - Governement is the party prosecuting. Felonies vs. Misdemeanors - Answer -- Felonies o Indictment = Grand Jury o Fine or Imprisonment > 1 year - Misdemeanor o Information = Gov't Charge o Fine or Jail < 1 year 3 criminal pleas - Answer -Guilty, Not Guilty, Nolo Contendere("no contest") Trends in White-Colla...

LEGL 2700 Test 3 Epstein UGA Exam Actual Real Set Questions With Revised Correct Answers | Passed!! Role of Scarcity (property) - ANSWER : need for resources overtakes supply of those resources State controlled/communism - ANSWER : govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - ANSWER : enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally h...

accession - Answer ️️ Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. (something added) Adverse Possession - Answer ️️ A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. Artisan's Lien - Answer ️️ A possessory lien given to a person who has made improve...

contract - correct answer -a legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) - correct answer --covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to contracts -Section 207: "Battle of Forms" -> Deal still goes through bilateral contracts - correct answer --involve a promise for promise exchange ( mutual promises) -acceptance is before acti...