1. If a person believes that he or she is entitled to certain goods, the tort of conversion cannot occur
even if the belief is mistaken.
2. In theory, causation in fact is limitless.
3. One requirement for a suit based on strict liab
Chapter 7 Criminal Law
o 1. Crime it will against society proclaimed in a statute and punishable by a fine
and or imprisonment (or some cases death)
o States prosecution, not plaintif
o Burden of proof not preponderance of the evidence more l
Chapter 12 Tort and Negligence
Basis of Tort Law
o Doing business today involves risks, both legal and financial
o A tort is a civil injury designed to provide a remedy (damages) for injury to a
Provide remedies for the invas
The Securities and Exchange Commission interprets federal securities
laws, but does not investigate violations.
The Securities and Exchange Commission administrative law judges
hear cases involving alleged securities law violations.
Hermione starts up, and assumes the financial risk of, Graphic Ads, a new
enterprise. Hermione is
a sole proprietor.
Carl sells Direct Marketing Enterprises, a sole proprietorsh
Exam #3 Study Guide
Chapter 17 Sole Proprietorships and Franchises
When choosing a business entity, entrepreneurs should consider:
o Ease of creation
o Owners liability
o Tax considerations
o Need for Capital
o Owner is the business
Only through its agents can a corporation function and enter into
Agency relationships do not exist between employers and employees.
Considerable control over the details of work indicates agen
Through unfair trade practices, Super Sales Company induces Trey and
other consumers to enter into one-sided deals. This may be subject to
federal and state law.
federal law only.
no law, according to the principles of f
True / False I i
1. _ Almas threat to Henry that she wiil beat him up tomorrow is not actionable [p. 65]
2. _ Carls pulling ofAndrews chair out from underneath him is considered a battery.
3. Edna intended