CHAPTER 4MANAGING DISPUTES: ALTERNATIVE DISPUTE
RESOLUTION AND LITIGATION STRATEGIES
TRUE/FALSE
1. A lawsuit begins with the filing of a complaint or petition.
ANS: T
PTS: 1
TOP: complaints
NAT: AACSB: Analytic
2. Statutes of limitations are always four y
CHAPTER 5BUSINESS AND THE CONSTITUTION
TRUE/FALSE
1. Article I of the U.S. Constitution establishes the executive branch of government.
ANS: F
TOP: Article I
PTS: 1
NAT: AACSB: Analytic
2. Article III of the U.S. Constitution establishes the judicial bran
CHAPTER 20FORMS OF DOING BUSINESS
TRUE/FALSE
1. There are no formal requirements for forming a sole proprietorship.
ANS: T
PTS: 1
TOP: sole proprietorship
NAT: AACSB: Analytic
2. The sole proprietor's personal assets are subject to business creditor attac
CHAPTER 13CONTRACTS AND SALES: PERFORMANCE AND REMEDIES
TRUE/FALSE
1. A contract with a minor is voidable at the minor's option.
ANS: T
TOP: capacity
PTS: 1
NAT: AACSB: Analytic
2. A contract with a party who has been declared incompetent is voidable.
ANS
CHAPTER 12CONTRACTS AND SALES: INTRODUCTION AND FORMATION
TRUE/FALSE
1. Contracts for the sale of real property are governed by the Uniform Commercial Code.
ANS: F
PTS: 1
TOP: UCC v. common law
NAT: AACSB: Analytic
2. The Restatement of Contracts is anoth
CHAPTER 5BUSINESS AND THE CONSTITUTION
TRUE/FALSE
1. Article I of the U.S. Constitution establishes the executive branch of government.
ANS: F
TOP: Article I
PTS: 1
NAT: AACSB: Analytic
2. Article III of the U.S. Constitution establishes the judicial bran
Philosophers
Key Terms and Concepts
Aristotle Virtue Ethics
Virtues- 2 types Intellectual based on education and teaching and Moral Virtue based on Habit
Moral Virtues are only formed by Purposive Habit
Humans born with Passion and Capacities but learn to
Notes for Ethical Philosophies
What should you learn?
Have a good idea about the meanings, beliefs and moral codes of different ethical theories
Understand how this may fit business ethics.
Ethics = about the right thing to do.
Metaethics = the nature of
Chapter 5: Business and The Constitution
The U.S. Constitution:
A- Articles I, II and III The Framework for Separation of Powers:
Article I establishes the legislative branch: the two houses of Congress,
the House of Representatives and the Senate, are c
Chapter 3: The Judicial System
Types of Courts:
A- Trial Court:
A trial court is the place in the judicial system where the facts of a case are
presented. Evidence and witnesses are presented & either judge or jury makes 1st
decision in the case.
B- Appe
Chapter 4: Managing Disputes: Alternative Dispute Resolution and
Litigation Strategies
When You Are In Litigation:
A- The Complaint:
The first step for the plaintiff is filing a complaint or a petition within times limits
called statutes of limitations.
Chapter 1: Introduction to Law
Law: body of rules governing individuals and their relationships.
Classifications of Law:
A- Public Vs. Private Law:
Public Law: law enacted by some authorized governmental body
Private Law: law developed between 2 individu
Chapter 12: Contracts and Sales
Contracts are binding set of promises. Contracts in business are legal, valid, and can be enforced. Their
definition comes from the Restatement (Second) of Contracts by the American Law Institute.
Sources of Contract Law
C
Chapter 1 - Introduction to Law
Law: the body of rules governing individuals and their relationships through a
recognized governmental authority (legislative authority). Law gives us basic
freedoms, rights, and protections as well as a model of conduct.
C
Chapter 20: Forms of Doing Business
There are 6 different forms of business organizations:
1.
2.
3.
4.
5.
6.
Sole proprietorship
Partnership
Limited Partnership
Limited Liability Company
Limited Liability Partnership
Corporation
Six aspects to consider be
Lebanese Law
The Lebanese law is a codified law that follows the french civil law system. In particular, the COC:
code of contracts regulates civil contract and obligations only. In 1940, Lebanese commercial law was
created to regulate commercial activit
THE LAWS OF TABLE TENNIS
THE TABLE
The upper surface of the table, known as the playing surface, shall be rectangular,
2.74m long and 1.525m wide, and shall lie in a horizontal plane 76cm above the floor.
The playing surface shall not include the vertical
