Blaw 3391 ttu Study guides, Class notes & Summaries
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BLAW 3391 TTU Exam 2 Questions With 100% Correct Answers.
- Exam (elaborations) • 20 pages • 2024
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Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business 
income on personal income tax return and is legally responsible for all debts and obligations incurred by 
the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - Answer-•Owner receives all profits; pays only personal taxes 
•Easy to create; less costly 
•Flexible decision making 
Sole Proprietorship Disadvantages - Answer-•Owner responsible for a...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
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BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW 3391 TTU Exam 1 (Mcinturff) Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 6 pages • 2024
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Laws - Answer-rules governing relationships among individuals and between individuals and their 
society. 
Priorities of Law? (Highest to lowest) - Answer-Federal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
Agencies - Answer-created by legislatures and make their own rules which have the legal force of 
statutory law. (ex: IRS) 
Common Law - Answer-- The earliest version of law 
- Laws adopted when US was a part of Britain ...
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BLAW 3391 TTU Exam 1 Questions With Verified Answers
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
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BLAW 3391 TTU Exam 1 Questions With 
Verified Answers 
Laws - answerrules governing relationships among individuals and between individuals and 
their society. 
Priorities of Law? (Highest to lowest) - answerFederal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
Agencies - answercreated by legislatures and make their own rules which have the legal 
force of statutory law. (ex: IRS) 
Common Law - answer- The earliest version of...
-
BLAW 3391 TTU Exam 1 Questions With Verified Answers
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
BLAW 3391 TTU Exam 1 Questions With 
Verified Answers 
Laws - answerrules governing relationships among individuals and between individuals and 
their society. 
Priorities of Law? (Highest to lowest) - answerFederal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
Agencies - answercreated by legislatures and make their own rules which have the legal 
force of statutory law. (ex: IRS) 
Common Law - answer- The earliest version of...
-
BLAW 3391 Exam 2 TTU Questions With Correct Answers 100%
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
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- $7.99
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sole proprietorship - business owned and operated by one person 
unlimited liability - legal exposure in which an owner of a business is personally liable for all of the 
debts and obligations of the business 
what is the most popular form of business organization in the US? - sole proprietorship 
sole proprietorship advantages - -easily established 
-no partners or shareholders 
-only pay taxes on income generated 
-all after tax profit stays with the owner 
-minimal government regulation 
sole...
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BLAW 3391 Final TTU Questions With Correct Answers 100%
- Exam (elaborations) • 10 pages • 2024
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tangible personal property - Answer-personal property that can be moved 
contract - Answer-legally enforceable agreement that is created when two or more competent parties 
agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet 
certain legal requirements 
offer - Answer-a proposal made by one party (the offeror) to another person (the offeree) that indicates 
a willingness to enter into a contract 
offeror - Answer-the person making the proposal ...
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BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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BLAW 3391 Exam 2 TTU Questions 
With Verified Answers 100% Solved 
sole proprietorship - answerbusiness owned and operated by one person 
unlimited liability - answerlegal exposure in which an owner of a business is personally 
liable for all of the debts and obligations of the business 
what is the most popular form of business organization in the US? - answersole 
proprietorship 
sole proprietorship advantages - answer-easily established 
-no partners or shareholders 
-only pay taxes on income...
-
BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved
- Exam (elaborations) • 13 pages • 2024
-
- $12.49
- + learn more
BLAW 3391 Exam 2 TTU Questions 
With Verified Answers 100% Solved 
sole proprietorship - answerbusiness owned and operated by one person 
unlimited liability - answerlegal exposure in which an owner of a business is personally 
liable for all of the debts and obligations of the business 
what is the most popular form of business organization in the US? - answersole 
proprietorship 
sole proprietorship advantages - answer-easily established 
-no partners or shareholders 
-only pay taxes on income...