"Answers to business law 1 exam by henry chessman" Essays and Research Papers

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    Commercial Law Exam Notes

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    Case Notes Question 1 Taylor v Provan (1864) 2 M 1226 Provan went to Taylor’s farm and offered to buy 31 cattle at £14 per head‚ but Taylor refused to accept less than £15. After trying unsuccessfully to purchase cattle elsewhere‚ Provan returned to Taylor’s farm the worse for drink and offered £15 per head‚ which was accepted by Taylor. Taylor later brought an action against Provan for the price of the cattle‚ and Provan claimed that he had been incapable‚ through intoxication‚ of entering

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    Business Law LO2

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    Contract There are different elements of a contract that you must take into account when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity of a party that either does not give them capacity or

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    1. What is the fundamental goal of business? Do all organizations share this goal?The fundamental goal of business is to earn a profit. Not all organizations share this goal because they are nonprofit organizations. 2. Name the forms a product may take and give some examples of each. The forms a product may take are tangible and intangible. Tangible goods are computers‚ clothing‚ automobiles‚ and food. Intangible goods are services or ideas made by people. 3. Who are the main participants of business

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    history exam 1

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    The growth of industry in the 19th century affected Americans in various ways‚ the destruction of the Civil War left the United States longing for change. Farmers felt the impact as rural living developed. Railroads were built to expand transportation. The devastation after the Civil War left Americans open to new ideas of a better and stronger United States. People from the 1865-900 witnessed a great about of growth. Industrialization was the main driving force for changes in the United States between

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    business quiz answer 2

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    Your Answer: learning organization. Correct Question: The forces that create challenges‚ risks‚ opportunities‚ and changes for every organization are called: Your Answer: environmental. Correct Question: The combined effects of processes‚ materials‚ knowledge‚ and other discoveries resulting from research and development activities is known as: Your Answer: technological forces. Correct Question: Values‚ beliefs‚ habits‚ norms‚ and behavior make up the organizational ____________. Your Answer: culture

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    Business Law 100

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    Question (a) Identify the principle of law The principles of law relevant to this question are the doctrines of intention and consideration. Explain the rules of law The doctrine of intention is an undertaking by both sides of an agreement to be legally bound either by an informal agreement such as verbal intention to purchase or act‚ or a written document stating intention to purchase or act‚ which could be in the form of a letter or a written statement as compared to a formal agreement

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    Exam 1 Review

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    Understanding Health Related Physical Fitness 1. What are 8 different health reasons to exercise given in the reading? ■increases longevity ■reduces risk for heart disease ■reduces risk for diabetes ■maintains work capacity ■helps reduce high blood pressure

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    Constitutional Law Exam (Practice) N.B. The questions in this exam are taken‚ in part‚ from the tutorial questions – but expanded. Question One: The Commonwealth government passes a tax act on coal which is 10% tax on the sale of coal. The act also deals with regulations on the way coal is mined in states. If a coal company heeds all the regulations the government will increase the amount of funding given to the States for all its projects. The tax will increase the price of coal sold interstate

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    Business Law Essay

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    To discuss whether or not there are valid contracts made between Charles v. Alex and Betty v. Alex‚ the formation of the contract have to be discussed. To form a legally binding contract‚ the elements of offer and acceptance; present of consideration; intention to create legal relation; capacity; legality of object; compliance with formalities; and genuine consent must be present all together. In the case of Charles v. Alex‚ to determine whether or not Alex was entitled to sell the apartment

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    business 1

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    1. How do scientific management and Theory X differ from the human relations movement and Theory Y? 2. How did the results of the Hawthorne Studies influence researchers’ thinking about employee motivation? 3. What are the five sets of needs in Maslow’s hierarchy? How are a person’s needs related to motivation? 4. What are the two dimensions in Herzberg’s theory? What kinds of elements affect each dimension? 5. What is the fundamental premise of reinforcement theory? 6. According

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