Liberty university busi Study guides, Class notes & Summaries

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...

BUSI 301 Liberty University -BUSI 301 Test #2 Liberty University well answeredMutual asset - correct answer Offer and agreement between parties Capacity to contract - correct answer Parties must be of proper age and mental competence Consideration - correct answer Bargained for exchange of goods and/or services Legal Purpose - correct answer Reason and outcome of the contract must be legal Contracts for services (legal, accounting, engineering, real estate) - correct answer State Com...

BUSI 301 Liberty University -BUSI 301 Test 3 with verified answers graded A+Which of the following is NOT one of the six keys to running a successful meeting? - correct answer Making sure that each member is taking their own notes Symptoms of groupthink manifest in which three ways? - correct answer Overestimation of group's power, closed-mindedness, pressure toward uniformity A disadvantage of the rumor mill is - correct answer Both B and D Common tenants for developing and giving a s...

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 fully solvedTort - 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 that gov...

BUSI 301 Liberty University -BUSI 301 Unit 3 Test well answered to passagency law generally exists on the state statutory level and is based on the: - correct answer restatement (second) of agency indemnification - correct answer right of reimbursement from another for a loss suffered due to a third party's act or default vicarious liability - correct answer liability that a supervisory party (typically an employer) bears for the actionable conduct of a subordinate or associate (such as a...

BUSI 301 Chapter 8 Liberty University - Question and answers correctly solved BUSI 301 Chapter 8 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 bu...

BUSI 301 Test 3 Liberty University - Question and answers 100% correct BUSI 301 Test 3 Which of the following is NOT one of the six keys to running a successful meeting? - correct answer Making sure that each member is taking their own notes Symptoms of groupthink manifest in which three ways? - correct answer Overestimation of group's power, closed-mindedness, pressure toward uniformity A disadvantage of the rumor mill is - correct answer Both B and D Common tenants for developin...

BUSI 301 Liberty University -BUSI 301 (Business Law) Chapter 1 Concepts verifiedLaw - correct answer A body of rules of action or conduct prescribed by controlling authority and having legal binding force In what type of terms should you think of law? - correct answer Broad terms What is the common characteristic of the current state of law? - correct answer It creates duties, obligations, and rights that reflect accepted views of a given society How is law classified? - correct answer ...

BUSI 301 Liberty University -BUSI 301 well answered graded A+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 bec...

BUSI 301 Test #2 Liberty University Question and answers correctly solved BUSI 301 Test #2 Liberty University Mutual asset - correct answer Offer and agreement between parties Capacity to contract - correct answer Parties must be of proper age and mental competence Consideration - correct answer Bargained for exchange of goods and/or services Legal Purpose - correct answer Reason and outcome of the contract must be legal Contracts for services (legal, accounting, engineering, re...