Busi 301 Study guides, Class notes & Summaries
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BUSI 301 - Week 2 well answered 100%
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BUSI 301 - Week 2 well answered 100%Civil Litigation - correct answer a dispute resolution process of civil (noncriminal) cases in public courts of law. 
 
Dispute Resolution - correct answer A method of handling complaints outside the judicial process through a mediator appointed by the court 
 
Arbitration - correct answer settling a dispute by agreeing to accept the decision of an impartial outsider 
 
informal settlements/consent decrees - correct answer practical devices to cut across the p...
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BUSI 301 Liberty University -LU BUSI 301 Chapter 10 fully solved
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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...
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BUSI 301 - Connect Homework Liberty University - Question and answers correctly solved
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BUSI 301 - Connect Homework Liberty University - Question and answers correctly solved BUSI 301 - Connect Homework 
 
 
What type of litigation involves parties and their counsel arguing their respective positions on a business controversy in a court of law? - correct answer Civil 
 
In a business context, dispute resolution should be: - correct answer 1. a part of business strategy. 
2. a part of business planning. 
 
How does a plaintiff initiate a civil lawsuit? - correct answer Filing a comp...
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BUSI 301 Chapter 21 with answers graded A+
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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...
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BUSI 301 Liberty University -BUSI 301 Unit 3 Test well answered to pass
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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...
Too much month left at the end of the money?
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Liberty University - Question and answers rated A+
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Liberty University - Question and answers rated A+ Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 
 
 
Principals - 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- l...
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BUSI 301 - LAW questions and answers graded A+
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BUSI 301 - LAW questions and answers graded A+A lack of genuine assent occurs in all of the following cases except:______. 
failure to reduce the contract to a writing. 
 
 
The signature of the ______ is the one element of contract formality that is uniformly required. 
party against whom enforcement is sought 
 
 
 
Brainpower 
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Imposing conditions to a contract helps the parties allocate or adjust _____ associated with performing a contract. 
risk 
 
 
Passing the CPA exam or meetin...
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Busi 301 Week 1 Liberty University - Questions with complete solution
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Busi 301 Week 1 Liberty University - Questions with complete solution Busi 301 Week 1 
 
 
Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - correct answer statutes 
 
Most American law derives from this country's legal doctrines - correct answer England 
 
Federal statutes are created by the United States _____ and approved or vetoed by the President. - correct answer Congress or legislature 
 
A typical business transaction ...
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BUSI 301- Exam 3 Liberty University - Questions with complete solution
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BUSI 301- Exam 3 Liberty University - Questions with complete solution BUSI 301- Exam 3 
 
 
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 se...
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BUSI 301 Week 5: Ch. 15 questions with correct answers
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BUSI 301 Week 5: Ch. 15 questions with correct answersBusiness 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) - corr...
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