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WGU C713 - Business Law exam questions and answers 2024

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Absolute privilege A witness testifying a court or legislature may never be sued for defamation Acceptance Retention of the collateral by a secured party as full or partial satisfaction of a debt Accepts To sign a draft Accession Occurs when one person uses labor, materials ...

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WGU C713 exam questions and answers 2024

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An employee leaves the company office and is injured by a falling tree branch. The employee sues the company. The trial court rules that the company is liable for the worker's injury. This decision goes against past precedent, which held that employers are not liable for injuries to employees outsi...

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WGU: Business Law - C713 exam questions and answers 2024

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Define and describe "negotiation." negotiation is the transfer of an instrument in such form that the transferee becomes a holder requires both delivery and indorsement What are the two methods of negotiation? order instrument or a bearer instrument. Order Instrument contains the nam...

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WGU C713 PA exam questions and answers 2024

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Which type of law governs an individual's prosecution for the crime of theft? Statutory Law From which source do laws governing crimes primarily arise? Statutory law Which type of law provides the basis for substantive due process and equal protection? Constitutional Law Whi...

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Intellectual Property (WGU C713) exam questions and answers 2024

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intangible creative work that is embodied in physical form and includes copyrights, trademarks, and patents intellectual property Patent An exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something or offers a new techn...

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Business Law WGU C713 Version 3 exam questions and answers 2024

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What purpose does the law serve in our society? To resolve conflicts in our society without the ise of volence. What are the three branches of government? Executive, Legislative, and Judicial What is Statutory Law? Law that is created by a legislative body, known as congress, at the...

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WGU Business Law C713 exam questions and answers 2024

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Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? Common Law Which kind of law is based on the customs of a group? Common Law Which kind of law is enacted by state or federal legislatures? Statutory Law Which type of law is ...

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WGU C713 Study Guide (V.3) Unit 3 exam questions and answers 2024

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What is the difference between a tort and a crime? Tort is a civil wrong that unfairly causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortuous act. A crime is a wrongful act that the state or federal government has identified as a crime. ...

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WGU - BUSINESS LAW C713 PRE-ASSESSMENT exam questions and answers 2024

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What is the principal source of stare decisis and precedent? D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A co...

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C713 Business Law WGU exam questions and answers 2024

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The legal system in the United States is comprised of 1) both state and federal constitutions 2) statutes and agency regulations 3) judicial decisions Local and state laws may not conflict with federal laws Primary sources of law constitutional law, statutory law, common law, and ...

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WGU :: C713 :: Business Law :: Version Three exam questions and answers 2024

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1. Which type of law governs an individual's prosecution for the crime of grand larceny? A. Administrative law B. Statutory law C. Common law D. Constitutional law B. Statutory law 2. From which source do laws governing crimes primarily arise? A. Constitutional law B. Civi...

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WGU Business Law C713 exam questions and answers 2024

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precedent the tendency to decide current rulings based on previous cases, only binding in lower courts common law judge made law, often created through many precedents judicial power gives the right to interpret laws and determine their validity statutes legislature to becom...

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C713 - Business Law (WGU) exam questions and answers 2024

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Negligence Failure to exercise appropriate and or ethically ruled care expected to be exercised among specific circumstances. *Duty of Care, breach, proximate cause, and damages must be established in negligence case *court will typically compare the actions of the defendant to a "reasonable...

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WGU C713 (U3,M4) Tort Law exam questions and answers 2024

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What is a tort? A private wrong Money given to victims that can include a replacement of property, lost wages, and medical expenses is called _____. Additional payments used to deter others from similar conduct is called _____? Compensatory damages Punitive damages. In a work parkin...

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WGU C713 Study Guide (V.3) Unit 5 exam questions and answers 2024

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What is the restatement of contracts? Detailed Analyses of the decided cases in the field. the restatements declare the law as the courts have determined it to be. What is the Uniform Commercial Code? A large collection of legal rules regarding many important businesses or commercial activi...

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Business Law WGU C713 exam questions and answers 2024

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What purpose does the law serve in our society? To resolve conflicts in our society without the ise of volence. What are the three branches of government? Executive, Legislative, and Judicial What is Statutory Law? Law that is created by a legislative body, known as congress, at the...

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WGU - BUSINESS LAW C713 exam questions and answers 2024

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What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa wa...

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WGU C713 (U4, M7) Intellectual property exam questions and answers 2024

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How long can a trademark be protected under federal law? indefinitely One reason for the legal protection of intellectual property is to promote -----? Innovation What is a work considered once copyright has expired. Public Domain Improper Misappropriation occurs when you obt...

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C713 Business Law WGU exam questions and answers 2024

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The legal system in the United States is comprised of 1) both state and federal constitutions 2) statutes and agency regulations 3) judicial decisions Local and state laws may not conflict with federal laws Primary sources of law constitutional law, statutory law, common law, and ...

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WGU Business Law C713 Chapter 6 exam questions and answers 2024

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Litigation refers to lawsuits, the process of filing claims in court, and ultimately going to trial Alternative Dispute Resolution any other formal or informal process used to settle disputes without resorting to a trial Litigator Lawyer who handles court cases Negotiation I...

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WGU C713 Definitions Business Law exam questions and answers 2024

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Acceptance. the expression of assent to the terms of an offer. Acceptance must generally be made in the manner specified by the offer. Actual cause (causation in fact). actual cause refers to a cause or factor without which the event could not have occurred. It is also termed as "but for c...

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WGU Business Law C713 Chapter 1 exam questions and answers 2024

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1.1 The doctrine of precedent is beneficial because it ensures predictability in the court system 1.1 The system of government used by the Iroquois Native Americans and the League of the Iroquois was the inspiration for our government by providing an example of a(n): A two level government,...

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WGU C713: Business Law exam questions and answers 2024

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Role of Law in Society Law helps us settle disputes and regulate activity. Stare Decisis Latin for "let the decision stand". Common law Consists of case decisions. Is also called case law or judge-made law. Statutory Law Laws written and passed by legislature and signed by...

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C713 Business Law Unit 3 - Torts exam questions and answers 2024

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Tort A violation of a duty, or civil wrong, imposed by a civil law. A wrongful act, other than a breach of contract, that results in injury to another party's person, property, dignity or reputation. Recognized by statute or common law as a legitimate basis for liability. Negligence A surg...

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WGU - Business Law C713 Chapter 4 exam questions and answers 2024

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Stare Decisis Let the decision stand: Set precedent for similar cases in the future, but must remain flexible for new issues and changing social climates. Statutory Law Enacted by a legislature, criminalize certain actions and spell out their penalties. We vote on states representatives who...

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WGU C713 Business Law Chapter 19 exam questions and answers 2024

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Expectation Interest What the injured party reasonably thought she would get from the contract Reliance Interest If the injured party has not shown an expectation interest, but proves that he spent money in reliance on the agreement and that, in fairness, he should receive compensation: Des...

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WGU Business Law C713 Chapter 1 Introduction to business law exam questions and answers 2024

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Define " Precedent" To make decisions for current cases based on previous rulings Define "Common Law" The accumulation of precedent, based on case after case, makes up the common law The constitution does what 3 basic things? 1. Establishes the structure of U.S. government with ...

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Torts Business Law C713 WGU exam questions and answers 2024

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Tort A violation of a duty imposed by a civil law Negligence A surgeon removing the wrong kidney from a patient commits a tort called: Interference with a contract A business executive who deliberately steals a client away from a competitor interfering with a valid contract commits ...

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