LWC1 Study Plan
LWC1 STUDY PLAN
Before beginning this study plan, it is critical that you have access to both textbooks and the SKillSoft Library. All WGU assessments are created using these textbooks, so they will be your primary resources as you move through this work.
When you work through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam.
CONTRACTUAL RELATIONSHIPS
Chap
Study Questions
1. What is the definition of a contract?
10
2. Describe the various types of contracts.
3. Identify and describe the theories of recovery in contract law.
1. What conditions would constitute a discharge of a contract?
2. Describe the conditions for a discharge of a contractual obligation.
17
3. Describe types of acceptable performance of a contract.
4. What constitutes a breach of a contract?
1. What is the definition of remedies?
18
2. Describe the various types of remedies in contracts.
3. Identify and describe the theories of recovery in contract law
General Questions
1. What is the point at which a legal agreement is said to have occurred?
2. What is the difference between an enforceable, unenforceable, express and implied contract?
3. Describe a situation where a breach of contract has occurred.
4. If there is a breech of contract, what remedies are available?
Key Topics
1. Types of Contracts
2. Breech of Contracts
3. Remedies for Breech of Contracts
GOVERNMENT REGULATION OF BUSINESS
Chap
Study Questions
1. What are the Sherman and Clayton Antitrust Acts?
39
2. Describe the key provisions of the Sherman and Clayton Antitrust Acts
3. Describe the variety of aggressive business actions that are illegal as violations of antitrust regulations.
1. What is the role of the Federal Trade Commission?
2. Describe prohibited sales activities under the FTC Act?
40
3. How
Before beginning this study plan, it is critical that you have access to both textbooks and the SKillSoft Library. All WGU assessments are created using these textbooks, so they will be your primary resources as you move through this work.
When you work through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam.
CONTRACTUAL RELATIONSHIPS
Chap
Study Questions
1. What is the definition of a contract?
10
2. Describe the various types of contracts.
3. Identify and describe the theories of recovery in contract law.
1. What conditions would constitute a discharge of a contract?
2. Describe the conditions for a discharge of a contractual obligation.
17
3. Describe types of acceptable performance of a contract.
4. What constitutes a breach of a contract?
1. What is the definition of remedies?
18
2. Describe the various types of remedies in contracts.
3. Identify and describe the theories of recovery in contract law
General Questions
1. What is the point at which a legal agreement is said to have occurred?
2. What is the difference between an enforceable, unenforceable, express and implied contract?
3. Describe a situation where a breach of contract has occurred.
4. If there is a breech of contract, what remedies are available?
Key Topics
1. Types of Contracts
2. Breech of Contracts
3. Remedies for Breech of Contracts
GOVERNMENT REGULATION OF BUSINESS
Chap
Study Questions
1. What are the Sherman and Clayton Antitrust Acts?
39
2. Describe the key provisions of the Sherman and Clayton Antitrust Acts
3. Describe the variety of aggressive business actions that are illegal as violations of antitrust regulations.
1. What is the role of the Federal Trade Commission?
2. Describe prohibited sales activities under the FTC Act?
40
3. How