BUSI 301 (BUSI 301)

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...

BUSI 301 Week 5: Ch. 15Business corporation law - correct answer Often the title for a specific state law that covers such matters as the structure of the corporation, oversight of the activity of the corporation's managers, rights of the principals in the case of the sale of assets or ownership interests, annual reporting requirements, and other issues that affect the internal rules of the business venture. Revised Model Business Corporation Act (RMBCA) - correct answer Model act drafted by...

BUSI 301 questions with 100% complete solutions The Constitution - correct answer ______ has amendments that help protect the citizens from certain types of government acts Preamble - correct answer The borad objectives of the constitution are contained in the _______ law fact - correct answer at trial the judge decides the _____ and the jury decides the ______ Mediation ADR - correct answer ________ is entered into on a voluntary basis and can be binding or non binding because a compa...

Busi-301 Ch. 1 (1)Law - correct answer a body of rules of action or conduct prescribed by controlling authority and having legal binding force Common characteristics of current state of law - correct answer it creates duties, obligations, and rights that reflect accepted views of a given society Law provides a mechanism - correct answer to resolve disputes arising from those duties and rights and allows parties to enforce promises in a court of law Law is classified by - correct answer ...

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...

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...

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 verified answers Tort - correct answer Civil wrong where one party has acted/failed to act, leading to a loss suffered by another party. Tort Law - correct answer Intended to compensate injured parties for losses resulting harm for some unreasonable conduct by another. Torfeasor - correct answer One who commits a tort Tortious conduct - correct answer Tortfeasor's wrongful conduct Restatements of Torts - correct answer Document th...

BUSI 301 Week 5: Ch. 15 Study Guide 2024. Business corporation law - CORRECT ANSWER Often the title for a specific state law that covers such matters as the structure of the corporation, oversight of the activity of the corporation's managers, rights of the principals in the case of the sale of assets or ownership interests, annual reporting requirements, and other issues that affect the internal rules of the business venture. Revised Model Business Corporation Act (RMBCA) - CORRECT ANS...

BUSI 301 Chapter 4 Questions & Answers 2024. civil litigation - CORRECT ANSWER a dispute resolution process where parties and their attorneys argue their positions in a court of law ADR is typically considered as adversarial as litigation - CORRECT ANSWER false A method of ADR that brings an independent reviewer to address complex or industry-specific disputes is: - CORRECT ANSWER expert standing to sue - CORRECT ANSWER the requirement that plaintiffs have a serious interest in a c...

BUSI 301 Exam 2 Practice Questions 2024. _____ 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 in writing under ce...