31, 32, 34, 35, 36, 37, 51
I. LLCs a. Limited Liability Company b. Must operate LLC, Limited Liability Company c. Asset protection strategy i. See McFarland at p760 1. McFarland is a guy who works at a Nursing home and something happens that he
What is meant by course and scope of employment for
purposes of respondeat superior? What are the criteria to
consider on whether or not the employee was within the
1. Real property means that lands and everything permanently attached to it, including
structures and anything attached permanently to the structures. Immovable
2. Personal property capable of being moved, can be tangible or intangible. Mos
Personal Property Terms Study Guide
Personal Property: anything that isnt real property. Anything that is movable, it
can be either tangible or intangible.
Trade Fixture: personal property that is installed for a commercial purpose by a
Insurance Terms Study Guide
Policy: an insurance contract
Premium: consideration paid to insurer
Underwriter: what insurance company is sometimes called
Insurer: parties to an insurance policy
Insured: person covered by insurers provision.
Agent: who insu
Agency Formation Terms Study Guide
Agency: principal authorizes agent to act on principals behalf in dealing with
Fiduciary Relationship: a person having a duty created by his or her undertaking
to act primarily for anothers benefit in matt
ECON 1100 - MICRO: Writing Assignment
From sources dated May 2015 to May 2016, collect five articles that relate to 5 of the 8 topics
below. For each of the five articles, highlight the salient points within the article. Then attach
the article (or photoc
Antitrust laws are the laws that apply to virtually all industries and to every level of business,
including manufacturing, transportation, distribution and marketing. They prohibit a variety
of practices that restrain trade. Antitrust Division of the Jus
ASSIGNMENT UNIT TWO
Like all of the assignments in this course, this one requires you to apply what you have learned
to the real world. To appreciate art, you have to see it around you!
Chapter 6 examined art associated with and rep
In terms of Business Law (BUSI 2301), the term Venue defines as a proper place where a lawsuit is heard.
A lawsuit must be bought in a court for having proper venue. Based on fairness, a lawsuit must be
brought in a court located in the county in which ei
n is the number of observations
k is the number of subgroups
Upper control limit:
Lower control limit:
k is the number of subgroups.
Upper control limit:
According to the book A business contract creates certain obligations that are to be fulfilled by the
parties who entered into the agreement. Legally, one party's failure to fulfill any of its contractual
obligations is known as a breach of the contract.
Ponzi schemes are fairly complex, even when they operate on a small scale. Unlike pyramid schemes, in
which victims unknowingly rope in more targets, Ponzi schemes rely on a single person or group to
coordinate every aspect of the fraud. In reading the ar
ECON 3388 November 28th
Last Classical economists? Who coined the term? Karl Marx coined the term.
The last classical economist is John Stuart Mills- contemporary of Karl Marx.
John Stuart Mill- didnt see the logic behind keeping children out of the
Business Law II February 13, 2017 (Includes Review)
Hostile environment- uncomfortable place to work. Usually in terms of
sexual. Workplace uncomfortable because people making fun of you etc. This
can be harassment based on religion, origin, etc.
Real Property Terms Study Guide
Real Property: the land and everything permanently attached to it, including
structures and anything attached permanently to the structures.
Fixtures: a thing affixed to realty can viewed as real property because it can be
Creditors Rights Terms Study Guide
Loan: unsecured (signature note) and secured by real property.
Credit purchase: secured by real property and secured by personal property
Note Evidencing the Debt: a contract between the lender and debtor
Deed of Trust:
Secured Transactions Terms Study Guide
Secured Party: any creditor who has a security interest in the debtors collateral.
Debtor: party who owes payment or other performance of secured obligation.
Security Interest: interest in the collateral (such as per
CH. 42- Securities Law and Corporate Governance
VI. Securities Regulation and Investor Protection
Example: you have an alien that crashed into planet Earth. That crash happens into federal court
house and rests where all the law books are. Alien randomly
Bailment-if you loan your lawn mower to neighbor thats a bailment
Bill of lady-buyer needs it in order to pick up goods.
Warehouse receipt-owner of the goods stores good in warehouse, youd be issued a receipt, what if
something happens to the receipt? Buy
TEST 2 Chapter 37: Partnerships and
Limited Liability Partnerships
Monday, October 26, 2015
A. The law governing partnerships - both by common law concepts (those relating to agency)
and by statutory law.
B. Definition of partnership
TEST 2 Chapter 36: Sole Proprietorship
Monday, October 26, 2015
A. Sole Proprietorships
In sole proprietorship, the owner is the business; thus anyone who does business
without creating a separate business organization has a sole pr
EXAM 1 REVIEW
Tuesday, October 6, 2015
1. What are the differences between the following?
a. An ordinary written will, properly signed and witnessed - the writing itself can be
as informal as long as it substantially complies with th