Business Law Study guides, Class notes & Summaries

Business Law Exam Questions and Answers | Multiple choice Questions with Answers 2024/2025 | Distinction 1. What is the primary benefit of contract law to business? a. Contract law allows businesses to transfer risk. b. Once a contract is created, it permits both parties to rely on the terms they have negotiated and plan their business affairs accordingly. c. Contract law guarantees that others will follow through with their promises. d. It ensures that businesses treat each other as equa...

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ContractA legally enforceable agreement between two or more parties Which of the following is the most likely measure of recovery when a quasi-contract is involved? a. The amount set forth in the contract. b. The fair market value of the matter involved. c. The wholesale price of any good involved. d. The amount sought by the plaintiff in the Complaint. e. Damages will be computed the same way as they are computed for any other contract.b

The United States Supreme Court has the power toVoid laws passed by congress Congress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities. The Securities Exchange Act of 1934 was passed a year later. This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws. The SEC has generated rules and regulations to administer these acts. These rules a...

option contracta contract that has a provision to keep an offer open for a certain period of time in the event of death, the estate of the deceased would be responsible to carry out the provisions of a contract that includes an option Rejectionthe express or implied refusal by an offeree to accept an offer revocationthe calling back of an offer by the offeror before the offer has been accepted or rejected termination by lapse of timewhen an opportunity to form a contract ends because ...

Exam 1 California business law (ch 1-6) Questions and Answers 100% Pass A set of enforceable guidelines that help maintain order in a Society is a definition of - Correct Answer ️️ -Law The supreme source of law in this country is - Correct Answer ️️ -The US Constitution How many statutory codes are there in California - Correct Answer ️️ -29 Behavior that is considered unacceptable to society at large is an example of - Correct Answer ️️ -Criminal law A contract maybe ca...

California Business Law, Unit 1 Exam Chapters 1-10 Questions and Answers 100% Pass What is the primary source of law in America? - Correct Answer ️️ -Constitutional Law What is the California Uniform Commercial Code commonly called? - Correct Answer ️️ -Commercial Code The structure of the federal government consists of what parts? - Correct Answer ️️ - Legislative Branch, Executive Branch, and Judicial Branch "Stare Decisis" most commonly means what? - Correct Answer ️️...

CSLB CONTRACTOR'S LAW & BUSINESS EXAM QUESTIONS AND ANSWERS 100% PASS An employer remits State disability taxes withheld from an employees wages to what agency? - Correct Answer ️️ -Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - Correct Answer ️️ -National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interv...

California business law Exam Questions and Answers 100% Pass The structure of the federal government consists of - Correct Answer ️️ -the legislative branch, the executive branch, the judicial branch When a law or E-commerce law has been placed into code, it has been - Correct Answer ️️ -codified The UCC (Uniform Commercial Code) addresses topics of - Correct Answer ️️ - commercial law transactions The legal principle of stare decisis causes judges to - Correct Answer ️️ ...

Business Law Ch 1 Practice Questions and Answers 100% Pass AOL, LLC, mistakenly made public the personal information of 650,000 of its members. The members filed a suit in California, alleging violations of federal law and California state law. The member agreement between AOL and its members included a provision declaring Virginia as the location of any court dispute. AOL asked the court to dismiss the suit on the basis of that "forum-selection" clause in its member agreement. Under a ...