Business Law II Exam I Review ____ 1. As part of a loan to pay for improvements to her restaurant‚ Courtney executes a negotiable instrument in favor of Tim. They are the only parties to the instrument. A negotiable instrument that has only two parties is The promissory note is the simplest form of commercial paper; it is simply a promise to pay money. A promissory note is a two-party instrument in which one person(known as the maker) makes an unconditional promise in writing to pay
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Exam for Business Law 84 questions Jurisdiction –the power to hear and decide a case. Has multiple dimensions. Appellate jurisdiction – the authority of a court to review a prior decision in the same case but made by another court Original jurisdiction – the authority of a court to hear and decide a dispute in the first instance Trial courts Supreme court of the US is in some instances an original jurisdiction court Treaties is an example of when supreme court Personal jurisdiction – inpersonam
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1- Contract law provide rules to determine which contract terms will be enforced and which promises must be kept. True or False 2- A is an assertion that something either will or will not happen in the future. A: 3- A contract needs two requirement and Agreement is required to form a contract‚ regardless of whether it is formed in the traditional A: 4- which is generally defined
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DUTIES OF DIRECTOR Introduction Duties and liabilities are imposed on officers of a company‚ including directors‚ both by common law and statute. Thus‚ directors owe their companies fiduciary duties at common law. These duties are further supplemented by the Act. Officer –section 4(1) FD duty of care skill and diligence statutory duty The fiduciary duties of directors may be conveniently examined under the following categories. Director owe a duty to: Act bona fide and in the interests
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suffice to displace the provision that they are entitled to share equally. 4. Hence‚ Morrissey would most likely be awarded 1/5 of the capital as the provision was displaced by the understanding that Morrissey was to have a 1/5 share of the business should dissolution be ordered. Did Morrissey have authority to bind firm‚ making Smiths liable for losses caused by the power outage at Manchester Meat(“MM”) and damage to the air-conditioning? Actual Authority 5. Actual authority may be
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Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic‚ you will
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quality of happiness. In the news of the world case‚ overhear and hacking devices had been installed to people’s private phones. The consequences of doing this are: people had more reading funs; some people‚ especially those celebrities lost their personal privacy; the sales of the news of the world rose a lot‚ shareholders and management were happy. Despite what the news of the world did was illegal‚ it might not be ethical either according to what utilitarianism articulates. The readers’ happiness
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Business law LAW OF CARRIAGE:- Defination of law of carriage: Law of carriage means carrying goods from one place to another against the price. It is the branch of business. Carriage is the basis for the management and operation of business successfully and effectively. It is the factor of business activity that helps to mobilize the labor‚ raw material‚ and tools and machinery etc. Modern business activity are based on the exchange of goods and transportation of goods from one place to another
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of Law Sakiya Patton Contemporary Business Law LAW/421 Majid Safaie‚ Esq. July 2‚ 2014 Role and Functions of Law In this essay the student will define the functions and role of law in business and in society in reference to the case brief Cipollone v. Liggett Group‚ Inc.‚ et al. Also‚ the student will discuss the functions and role of law in her present job. Last the student will provide the conclusion followed by the list of references. Functions and Role of Law Defined
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Employment Law: Immigration Immigration has become a huge topic in the United States for the last several years. House Bill 1804 has transitioned Oklahoma business owners to find individuals with legal status to fill their staff. In this paper I will discuss how this bill has impacted farmers and local businesses with labor work the average American wouldn’t do for the low pay. House Bill 1804 In 2007‚ House Bill 1804 was established in Oklahoma. This is a strict anti-illegal immigration law introduced
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