BUSI 301 (BUSI 301)

BUSI 301 Ch. 17 with complete solutionsAdministrative Law - correct answer A body of law and regulations that governs the organization and operation of administrative agencies Administrative agencies - correct answer Governmental bodies with the authority to implement and administer particular legislation Rulemaking - correct answer Legislative function charged to administrative agencies, whereby they create legally enforceable rules in order to fill in the details of a statute Adjudica...

BUSI 301 Chapter 4civil 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 case, which depends on whether th...

BUSI 301 Chapter 6 questions correctly answeredA Contract... - correct answer is more than an agreement between two or more parties. Contracts are enforced agreements between the parties. One generally accepted definition of a contract is a promise or a set of promises enforceable by law. The necessary elements of a contract: - correct answer 1. Mutual Assent 2. Capacity to contract 3. Consideration 4. Legal purpose Mutual Assent - correct answer There must be an offer and agreement bet...

BUSI 301 Chapter 8 questions well answered graded A+ goods - correct answer tangible personal property that is movable at the time of identification to a contract of sale; money and information are not included under the UCC, however future goods are The UCC applies only to: - correct answer sales contracts sales contract - correct answer A contract for the sale of goods under which the ownership of goods is transferred from a seller to a buyer for a price. merchant - correct answer On...

BUSI 301 Chapter 13 correctly answered Principals - correct answer Owners of a business entity Sole Proprietorship - correct answer One-person business entity with minimal filing requirements Partnership - correct answer Multiple-person business entity where the partners conduct an ongoing business relationship in which profits and losses are shared Express Partnerships - correct answer Partnerships formed when the parties have agreed to conduct a partnership on certain terms and condit...

BUSI 301 Chapter 21 with answers graded A+Express warranty - correct answer The seller makes a representation of fact about a product Many arise in the context of advertising Implied warranty - correct answer The seller has not made a specific representation about the product, the buyer is still protected by the UCC Implied warranties - correct answer 1. Merchantability: every sale of a product from a merchant to a buyer. Fit for ordinary use 2. Fitness for a particular purpose Di...

BUSI 301 Exam #1 with complete solutions already passed an employee hired or appointed within an organization to settle disputes is called an - correct answer ombudsperson Violetta voluntarily goes for a ride with alfredo, who is drunk. a court would regard this as: - correct answer the assumption of the risk the tort of false imprisonment protects - correct answer mental and physical interests stare decisis - correct answer lends predictability to decisional law by relying on prior de...

BUSI 301 Exam 1The U.S Patent and Trademark Office (USPTO) has granted protection to trade dress characteristics so long as the mark holder proves that the trade dress provides an exclusive link to the source product in the consumer's mind. - correct answer True In a trademark infringement claim, evidence of consumer confusion is not necessary in order for the mark holder to prevail and prevent another from using the holder's mark. - correct answer False Courts are reluctant to allow fai...

BUSI 301 Exam 2 questions with correct answers rated A+_____ 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...

BUSI 301- Exam 3 well answered graded A+Formation of Agency Relationship - correct answer An agency relationship is formed when the agent and the principal and subject to the principal's control ABC test - correct answer Mutual assent on behalf of and subject to the control of ABC test definition - correct answer Statutory standard used by many states to determine agency status Employee Agent - correct answer Anyone who performs services for a principal who can control what will be don...