This website uses cookies to ensure you have the best experience. Learn more

Business Law Exam Notes Essay

2136 words - 9 pages

Chapter 1

1. Regardless of how such rules are created, they all have one feature in common: they establish rights, duties, and privileges that are consistent with the values and beliefs of a society or its ruling group.

2. Primary sources of the Law include:

The U.s. Constitution of the various states.

Statues, or laws, passed by Congress and by state legislatures.

Regulations created by administrative agencies, such as the Federal Trade Commission and the U.S. Food and Drug Administration.

Case law (court decisions)

3. Common Law: the body of law developed from custom or judicial decisions in English and U.S. courts, not attributable to a legislature. Precedent: a ...view middle of the document...

14. Federal (national) legistlation governs almost every major activity conducted by businesses –from hiring and firing to workplace safety, competitive practices; and financing.

16. The amendment passed in 1868 after the Civil War, provides, in part, that no State shall…deprive any person of life, liberty and the property, without due process of law.

20.The Bill of Rights limited only the powers of the national government. Over time, the United State Supreme Court “incorporated” most of these rights into protections against state actions afforded by the 14th amendment to the Constitution.

22. Bill of Rights: adopted in 1791 and embody a series of protections for the individual against various types of interference by the federal government.

23.Under the 14th amendment, a state may not “deny to any person within its jurisdiction the equal protection of the laws”. The United States Supreme Court has used the due process clause of the Fifth Amendment to make the equal protection clause applicable to the federal government as well.

24. The Fourth Amendment prohibits unreasonable searches and seizures of persons or property.

*The 5th guarantees the rights to indictment by grand jury, to due process of law, and to fair payments when private property is taken for public use. Also prohibits compulsory self-incrimination and double jeopardy.

Chapter 3

1. Jurisdiction over subject matter is a limitation on the types of cases a court can hear. In both the federal and state court systems, there are courts of general jurisdiction and courts of limited jurisdiction. An example of a court of general jurisdiction is a state trial court or a federal district court. An example of a state court of limited jurisdiction is a probate court. Probate courts are state courts that handle only matters relating to the transfer of a person’s assets and obligations after that person’s death, including matters relating to the custody and guardianship of children. An example of a federal court of limited subject-matter jurisdiction is a bankruptcy court.

-The highest level of the three-tiered model of the federal court system is the United States Supreme Court.

2. in both the federal and state court systems, a court’s subject-matter jurisdiction can be limited not only but the subject of the lawsuit but also by the amount in controversy, by whether a case is a felony or a misdemeanor or by whether the proceeding is a trial or an appeal.

-The court can review any case decided by any of the federal courts of appeals, and it also has appellate authority over some cases decided in the state courts.

5. rule of four- a rule of the united states Supreme court under which the Court will not issue a writ of certiorari unless at least four justices approve of the decision to issue the writ.

-answer: defandants response to the plaintiff’s complaint.

6. Thousands of cases are...

Other Papers Like Business Law Exam Notes

Business Law 531 Week 6 Final Exam Uop Homework Tutorial

2313 words - 10 pages the corporate protection rule. d) Ted is not liable under the business judgment rule. 18. Which of the following is also called “judgemade” law? a) Statutes b) Equity c) Uniform acts d) Common law Final Exam Answers just a click away LAW 531 Final Exam Solution 19. Reggie went to the Napa Valley Harvest Festival, when he stopped at Tracy’s booth where she was selling paintings of vineyards. Reggie admired a painting of vineyards that

Uop Business Law 531 Final Exam Question Answers

2271 words - 10 pages liable under the business judgment rule. 18. Which of the following is also called “judgemade” law? a) Statutes b) Equity c) Uniform acts d) Common law Find the final exam answers here UOP Complete Course Tutorials 19. Reggie went to the Napa Valley Harvest Festival, when he stopped at Tracy’s booth where she was selling paintings of vineyards. Reggie admired a painting of vineyards that did not appear to be for sale. Reggie said to

Notes on Business Law

3531 words - 15 pages , to deliver a thing (other than money), to do an act, or not to do an act. 1.) Integrity of Prestation - A debt is not understood to be paid unless the thing or service has been completely delivered or rendered. Partial or irregular performance will not extinguish the obligation. - In case of partial performance there is no payment under the law and the creditor can refuse payment. - Creditor has the right to refuse partial performance or

Gm520 Midterm Exam

823 words - 4 pages the key study areas are as follows: (while these are key areas remember that the exam is comprehensive for all the assigned course content and this study guide may not be all inclusive.) * Areas that were discussed in the threads; * Homework Assignments will also be prime targets for revisiting. * These TCO’s and the bullets underneath each one: A | Given an organizational requirement to conform business practices to both the law

Search of Status

1279 words - 6 pages –Negligence; strict liability- Exam I Theme III: Weeks 7-8-Contracts/ Agreements between entities:ch.7,8,9,10 Project #1 Theme IV. Weeks 9-10 Property, Real/Personal, Tangible/Intangible: Ch.24,23,5 Exam II Theme V: Weeks 11-13 Business Law: Ch.19, 20: selected pages. Forms of Business Organizations; sole proprietorships, partnerships, limited partnerships, corporations

Becoming a Texas Cpa

2323 words - 10 pages of the financial reporting framework used by businesses, not-for-profit organizations, and government entities, and skills to apply that knowledge * Section time – 4 hours * 3 multiple choice testlets for a total of 90 objective questions * 1 testlet with 7 task based simulations * REG – Regulation * Tests knowledge and understanding of ethics, professional and legal responsibilities, business law, and federal

Cpa Uniform Paper

1809 words - 8 pages . In other words, no test offered in March, June, September, and December. Candidates can prepare for the Texas Uniform CPA Exam in those four months mentioned above since no one can take any exam. The CPA Exam is comprised of four sections. Each section has a specific format, content, and time allocation. The topics are Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. A candidate

Effects of Study Habits in Licensure Examination

4971 words - 20 pages impact in the actual board score followed by theory of accounts, management services, practical accounting problems 2, practical accounting problems 1 and the least yet still bear impact is the business law and taxation. The collegiate validation exam used as indicator of readiness showed statistical association with the actual exam. A simulated model revealed that the scores of management and services, auditing problems, audit theory, business law

Fin 534 Student Guide

1252 words - 6 pages * Discussions Evaluation * Midterm Exam Part 1: Chapters 1 through 3 * Midterm Exam Part 2: Chapters 4 through 7 | 205050 | 6 | Preparation * Reading(s) * Chapter 10: The Basics of Capital Budgeting: Evaluating Cash Flows * Chapter 11: Cash Flow Estimation and Risk Analysis * Scenario (See Faculty Notes for more details) * e-Activity * Use the Internet to research two (2) mutually exclusive investment projects to compare. The

Tx1- Introduction

2670 words - 11 pages Income Tax Act with Regulations and Taxation in Canada complement the module notes. The Interpretation Bulletins (IT), Information Circulars (IC), and Technical News are to assist you in understanding the application of the law. The CRA is phasing out the IT and Technical News and has undertaken an initiative to replace these publications with a new tax technical publication called Income Tax Folios. The folios are subdivided into topic-specific

Acct504 Midterm Exam Study Guide

1354 words - 6 pages ACCT504 Midterm Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Midterm is open book and open notes. The maximum time you can spend in the exam is 2 hours and 30 minutes. If you have not clicked the Submit for Grading button by then, you will be exited from the exam automatically. In the exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications. 2. You

Related Essays

Business Law 531 Final Exam New Assignments

2434 words - 10 pages liability rule. c) Ted is not liable under the corporate protection rule. d) Ted is not liable under the business judgment rule. 18. Which of the following is also called “judgemade” law? a) Statutes b) Equity c) Uniform acts d) Common law Want to download the Complete Answer..?? Click LAW 531 Week Complete Final Exam Answer 19. Reggie went to the Napa Valley Harvest Festival, when he stopped at Tracy’s booth where she was selling

Business Law 531 Final Exam New Assignments

2434 words - 10 pages liability rule. c) Ted is not liable under the corporate protection rule. d) Ted is not liable under the business judgment rule. 18. Which of the following is also called “judgemade” law? a) Statutes b) Equity c) Uniform acts d) Common law Want to download the Complete Answer..?? Click LAW 531 Week Complete Final Exam Answer 19. Reggie went to the Napa Valley Harvest Festival, when he stopped at Tracy’s booth where she was selling

Uop Business Law 531 Final Exam Question Answers

2416 words - 10 pages business can be transferred to someone else. d) A sole proprietorship has a life of its own apart from its owner. Final Exam Answers just a click away LAW 531 Week 6 Final Exam 9. _____________ means the accused failed to perceive a substantial risk of harm that a reasonable person would have perceived. a) Exculpation b) Recklessness c) Duress d) Negligence 10. The board of directors of Filex Corporation, at a regular meeting of

Uop Business Law 531 Final Exam Question Answers

2408 words - 10 pages . Which of the following is likely to be forbidden by Title VII? a) Discrimination against a woman solely because she is a lesbian. b) Discrimination against a man solely because of his gender. c) Discrimination against a black woman solely because of her religion. d) Discrimination against a person of French ancestry because he “talks like an Englishman.” Final Exam Answers just a click away LAW 531 Final Exam 3. Gath Meat Packing Company