YOU WERE LOOKING FOR: Business Law Final Exam Questions And Answers
But rest assured that anyone with reasonable intelligence and diligence can produce such responses consistently. Be a dear and bring home din-din. Not the most graceful move in the world. OFU, Inc. Thereupon followed, inter alia, the following...
Doris ignored it. You are a law clerk to, where appropriate, both trial and appellate judges assigned to this case. Prepare a memorandum of law respecting the issues raised in the above. Majority state law applies. Note: The law provided herein may...
The party served normally has 30 days to respond. Failure to timely respond results in the matter being deemed admitted. Inter alia, it is permissible to request that a party admit to a legal conclusion e. However, it is not proper to request an admission to an abstract statement of law e. Res Judicata — Doctrine that for reasons of economy, prevention of harassment, and avoidance of inconsistent judicial rulings policy! Claim preclusion — Doctrine whereby a final judgment on the merits of a claim or cause of action precludes reassertion of that claim or cause of action in a subsequent suit. Venue — Refers to the proper place for trial of a lawsuit. The purpose of venue rules is to prevent a plaintiff from forcing a defendant to trial where it would be burdensome for him to appear and defend policy! Unless compelling reasons exist to direct otherwise, a transitory action meaning that the transaction which is the subject of the action could have happened anywhere should be tried in the county where the action arose.
However, given that this is a civil procedure exam, the objectives that count for purposes of generating premises are intermediate in nature. In the larger intermediate sense they are to keep the litigation going versus termination on a procedural ground. Therefore, the time to be allotted each will be roughly the same. As it would interrupt continuity of train of thought and be time wasting to continue applying the Steps to all six, from this point on I shall work on each question to completion before going on to the next. Cull facts and course outline for relevant premises. See definition of Step Two and footnote, page Step Three — [Consider each premise to note missing elements or real issues.
It is part and parcel of inspecting the law giving rise to the premise under consideration to determine whether it is necessary to state all of the law to begin the first paragraph of analysis, or whether one or more elements can be focused on as pivotal. No reason apparent not to proceed in the chronology given. It seems unnecessary, time wasting, and probably confusing to mention conflict pairings here. However, I am thinking of and guided by them. Nevertheless, he appeared, answered the complaint, defended in the action, and at no time prior to appeal claimed lack of personal jurisdiction. Confidential communications between husband and wife are privileged from disclosure by either spouse and by a third party e. Moreover, given that Coris had not yet determined to sue, her statement in the context of remarks about dinner and a hot tub seems merely casual.
The conversation with the husband was not confidential, and therefore not privileged. However, inter alia, it is not proper to request an admission to an abstract statement of law e. The statement in question seems manifestly a matter that is in some doubt, and that may be necessary to prove at trial. Conclusion: The action in small claims court would be dismissed as res judicata. Flush with their success and invincible in their avarice, the Bottomline brothers led RIPCORP in the aggressive pursuit of profit wherever it might be found.
The brothers held the chief executive positions in the corporation, as well as a majority of seats on the board of directors. They further owned thirty percent of the outstanding shares, by far the largest voting block. Thus, acquiescence in their increasingly bold ventures was virtually assured. When she refused to accede to the demand of the Bottomline brothers that she first divulge her intentions regarding the inspection, the brothers issued a directive limiting access to the books and records to persons cleared by them, and under no circumstances to Meddle or her representative. Thereupon Meddle brought suit in her own right and on behalf of RIPCORP against the corporation and the Bottomline brothers personally to gain access to the books and records, to block the ski resort venture as an ultra vires act, and for repayment by the RIPCORP board of directors of any expenses incurred in connection with the pursuit of said venture.
Meddle immediately moved to quash these actions. How should the court decide the motions under 1, 2, and 3 above? Shareholder inspection rights — Generally, shareholders have a limited right, founded in common law and statute, to inspect corporate books and records which are relevant to a proper purpose. Courts will determine whether a purpose is proper. A shareholder may examine the stock book and minutes of stockholder meetings on demand if 1 he has been a stockholder of record for at least six months immediately preceding the demand; or 2 he is a holder of 5 percent of any class of outstanding shares. Indemnification — Generally, a director or officer may not be indemnified reimbursed against a judgment obtained against him in a direct action by the corporation, or a derivative action on behalf of the corporation, or for amounts paid in settlement thereof. The director may, however, be indemnified against expenses of defending the action, unless, inter alia, he is adjudged to have violated his fiduciary duty of good faith and reasonable care in the circumstances.
Meddle, etc. Objectives: [Somewhat confusing, as the sentence immediately preceding the motions reflects three ultimateobjectives of Meddle. However, the objectives relevant to a Step One analysis and the question are implied in the three motions. Whether the ultimate objectives will be achieved depends upon resolution of the motions. The motions themselves, especially the first, point to overriding premises. The facts in the first two paragraphs need only be considered for purposes of analysis. Step Three — [The motions seem more or less equivalent in weight. Given the complexity of the relevant premises noted in Step Two, the effort necessary for a Step Three analysis seems needlessly duplicative of the analysis to be performed in writing the actual response. Therefore, it seems advisable to skip Step Three and go to the writing phase. Meddle M is currently a shareholder, and has been since long before the ski resort venture. Generally, shareholders have a limited right, founded in common law and statute, to inspect corporate books and records which are relevant to a proper purpose.
A shareholder may examine the stock book and minutes of stockholder meetings on demand if she has been a stockholder of record for at least six months immediately preceding the demand; or she is a holder of five percent of any class of outstanding shares. However, she has been a stockholder of record since the initial offering, over two years prior. Failure to first make a demand on the board Another requirement for maintaining a derivative action is that the plaintiff demand that the board commence the action, or there be sufficient reasons for not making such demand e. Motion No. The facts are unclear about whether the resolution indemnifies against expenses of defending against the action.
Assuming, arguendo, that it does, the inherent improbability, indeed inherent folly of the Venture, coupled with its seeming obvious ultra vires aspect, strongly suggests a violation by the directors of their duty to exercise reasonable care, if not a violation of their duty to act in good faith. However, given that RIPCORP appears to have been engaged for some time in a pattern of divers schemes wholly unrelated to its stated purpose, it is unlikely that a court would be willing to take judicial notice of such a conclusion so early in the proceedings.
Conclusion: The motion should be granted as to any portion of the resolution that purports to indemnify against judgments obtained on behalf of the corporation, denied as to portions that indemnify against judgments obtained by M, and denied with leave to renew at a later time with respect to all other portions. T properly executed a will in , by the terms of which he distributed his entire estate in the following manner: First: I bequeath my racehorse, Swayback, to my friend, X. Third: I give, devise, and bequeath the rest, residue, and remainder of my estate to my faithful companion, Z. Second: I give, devise, and bequeath the rest, residue, and remainder of my estate to my new faithful companion, B. T died in One of the papers destroyed was the original copy of the codicil, which T had been reviewing. When an ademption occurs, the legatee takes nothing. Death of a beneficiary — A disposition to a beneficiary who predeceases the testator ordinarily lapses returns to the estate.
By statute in many jurisdictions, however, dispositions to beneficiaries who are issue or siblings do not lapse, providing such beneficiaries have surviving issue. Such surviving issue will take the legacy in equal proportions per stirpes. Execution of a will — A properly executed will implies at least two witnesses thereto who do not stand to take under said will. Republication — A properly executed codicil to a revoked will operates as a republication of a will that is, in form, properly executed. This is so despite the fact that the will so republished may have been invalid for want of testamentary capacity at the time of making. A will may further be revoked by means of its physical destruction.
RiteMade Machinery, Inc. Steel Equipment Company copies the design without RiteMade's permission. Steel's conduct is actionable provided a. Steel's conduct is intentional. Steel's conduct reduces the value of RiteMade's design. RiteMade's design is patented. The Constitution provides that no person shall be deprived of "life, liberty, or property without due process of law. Emil wants to initiate a suit against Fast Credit Company by filing a complaint.
The complaint should include a. Edie files a suit against Frank. If this suit is like most cases, it will be a. Glen falsely accuses Hu of stealing from Island Tours, Inc. Glen's statement is defamatory only if a. Hu has not been caught. The difference between general and limited jurisdiction is a. In , Sara writes Terror at the Track, a novel about racecar driving. Sara does not register the work with the appropriate government office. Under federal copyright law, Sara's work is protected a. Domino causes a disturbance at El Nino Cafe. He is arrested and charged with disorderly conduct, a misdemeanor. A misdemeanor is a crime punishable by a. This is a.
Which of the following facts would void the contracts of a person? The person suffers extreme hardship. The person is under guardianship of a court. The person has not been declared incompetent by a Tina breaks into her high school and alters her grades. Tina tries to hit her professor with a rock, but misses and hits another student instead. Which of the following is Business Law Flashcards The main difference between the close-ended and open-ended questions is the amount of thinking and time that the respondents themselves will dedicate. Introduction to Business Ethics Beyond obedience to the law, what responsibility do corporations have to act ethically or in the social interest? This lesson introduces students to the concept of business ethics through the film "The Corporation. Solve the problem. A total of 3, questionnaires were mailed throughout the United States to employees in business, non-profit, and government organizations.
We are each accountable to know the legal and policy controls that apply to our jobs. The book is divided into six sections with each section containing readings and specific questions for each reading, but below I frame six reflective questions that are. The usual answer is that good ethics is good business. Clicking on the quiz name brings you to the quiz. Ethics focuses on the decision-making process anssers determining right and wrong, which sometimes is a matter of weighing the pros and cons or the competing values and interest.
This is basically how a business owner delegates their responsibilities within a company. This is a difficult standard of conduct; however, it is easier to meet than you may think. Virtue ethics. S3-S10, Each question on this paper will be worth 15 marks to be distributed as follows:. Section II: Four questions from which the candidate must attempt busineds. Global Business Ethics. Business Law Practice Exam Intermediate Level Part- Ii How business law final exam questions and answers pdf Answer Ethical Interview Questions The general rule of thumb behind answering ethical interview questions is to emphasize the businesa of ethics and business law final exam questions and answers pdf. Business Ethics and Corporate Governance discusses the theories of ethics and corporate governance, and explains how they can be applied in various business situations.
On completion of this subject, you should be able to: explain, from a global perspective, the nature of the accounting profession and the roles of professional accountants. Define the term business ethics. A comprehensive database of more than 66 ethics quizzes online, test your knowledge with ahd quiz questions. Political ethics sometimes called political morality or public ethics is the practice of making moral judgments about political action, and the study of that practice. And finally, we will look at five cases to discover whether the business is operating ethically or not. This document was created with Prince, a great way of getting web content onto paper. This section also introduces the fields of environmental and development ethics, and consider how.
The Journal of Business Ethics began in publishing semi-annual issues. Candidates will answer three 3 out of four 4 questions. Maximum time for answering Section A is 30 Minutes. Joanne Cuilla has long been working on this intersection in business ethics, and her book provides an interesting guide and framework for similar reflections in military ethics. The paper addresses the concepts of business ethics and corporate social responsibility. Faculty Webpages Also, list the primary stakeholders of a business and explain through examples their relations with an organization. The Principles of Research Ethics. Countrywide Financial First, Countrywide Financial. Find them under 'Past Papers and Marking Instructions' on your subject pages. Results were tabulated from a total of 2, questionnaires returned in the summer of. Answers to the Think Theory Questions that have been incorporated into the text in chapters fina through 5. Questions papers based on each chapter will also be uploaded along with the complete chapter test with marking scheme as per suggested by CBSE Syllabus for final exams.
Should Mary provide Cindy with the test answers so that Cindy can level up? Get the eBook! The busimess and midterm are open book so you can search and find the answers quicker the index is just…. Each case includes discussion questions, related videos, and a bibliography for business law final exam questions and answers pdf reading. A Business organisations structure, governance and management A1 The business organisation and its structure Chapter 1 A2 The formal and informal business organisation Chapter 3 A3 Organisational culture in business Chapter 3 A4 Stakeholders of business organisations Chapter 3 A5 Information technology and information systems in business Chapter 2. Lw-Zaf Past Exams Business ethics is known as the system of moral and ethical beliefs that guides busness values, behaviours and decisions of a business organization. These vary in format and those towards the end are written more in the style of exam questions than those at the beginning of this section.
The term business acumen comes up in almost all kinds of professional and corporate interviews irrespective of the job position or the opening. In the long run, businesses that pay attention to ethics as well as law do better; they are viewed more favorably by customers. Ethics ba2. You should practise short-answer exam questions in the same time-frame that you will have to follow in the actual exam. The examination measures understanding of ethical knowledge as it applies to practical ethical situations. Test your knowledge of the states' ethics bsuiness. Discuss both. I recommend having this and the other Business Strategy Game Quiz 2 tabs open already and using control F to find the necessary equations. Due Diligence and Corporate Compliance Management. The curriculum within the Business School prepares students for a businsss in which honesty and ethical behavior are essential characteristics. Laptops, tablets, and computers are not permitted for space reasons and the exams will be designed to recognize this limitation in computing power.
Identify fonal general obligations imposed by codes of ethics and professional conduct. Define Business Ethics? Answer business law final exam questions and answers pdf Business ethics is the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities.
Ethics is key to successful organizations of all types, from community groups to non-profits to professional associations and corporations. Practice now and certify!. When finally, please share with our classmate again. Whether or not to dry your dishes with a dishtowel as opposed to letting them air-dry is not an ethical issue. Jot down issues related to code of ethics that you may have faced during the project execution. Video Tutorials Video Tutorials are short videos that cover key concepts in the study guide. Exam questions and answers for Business Laaw Question: Define the term stakeholder and briefly discuss the issues the stakeholder theory addresses. B Increasing prices due to competition. There is a lot more to Business Strategy Game Quiz 2 than just equations. From the perspectives of MBA students and managers, it came out that business ethics and social responsibility are very important for organizational growth and success.
View Business Law Final Exam Questions And Answers Pdf: This practice test consists of two sections: 1 a multiple-choice question section and 2 an open-response item assignment section. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn. CCB CEUs answfrs be awarded for networking, social activities, breaks, meals, or time quesions in non-instructional activities like question-and-answer sessions. The study of ethics involves one of the oldest systems of guiding human behavior, one that goes back to the very beginnings of our civilization. Business Ethics Final Exam Questions And Answers Pdf If an employee is unable to state the ethics and guidelines of their previous company, two conclusions can be formed.
Southern Cross University. C Ethical business practice requires, above all else, an active awareness and consideration of the likely long-term consequence of any action. In this quiz, Introduction to Business MCQs, every question has 4 options from which students need to choose 1 option to go to …. Get instant access to the course materials by completing your continuing education online. Brush up on your knowledge of Business Ethics and Corporate Social Responsibility with these quick and easy multiple choice questions. In the US, the has been given the power to adopt auditing, quality control, ethics, and disclosure standards for public companies and their auditors as well as investigate and discipline those involved. For details on it including licensingclick here. Adam Smith b. The best way to master a new language is to practice it regularly, and the following Business English sections will help anyone interested in becoming fluent do so, all while mastering terms and phrases commonly used in business today.
Consisting of objective type questions from various important concepts of Business Law, this test presents you questions followed by four options. The correct answer and explanation provided with each question make it easier for you to to understand each concept well. Who is this Business Law Online Test designed for? All the management students and experienced professionals will find this test extremely useful.
All freshers, B. Three people are under a joint promise to pay Rs. While making the actual payment, one person is compelled to pay the whole amount of Rs. He can recover contribution of Rs. Each one of them b. Only one of them c. None of them d. Both of them together Answer Answer: a. Each one of them 2. Agreement to purchase.
Baskind: Commercial Law Concentrate 4e Chapter Outline answers to exam questions The duties owed by agents to their principals are to be found in the express terms of their contract. Critically evaluate this statement. Answer You should begin your answer by explaining that the express terms of the contract between the agent and the principal will set out the obligations of the parties including the duties owed by the agent to the principal. This is little different to any other kind of contract. You should also note that beyond the express terms, there are other contractual duties owed to the principal a duty to obey the principal? In addition, an agent also owes a fiduciary duty to his principal. You should explain that this is due to the fact that the agent has the power to affect the legal relations between his principal and the third party and therefore occupies a position of trust and confidence.
As a result, equity imposes fiduciary duties on agents to protect their principals. An agent will owe these fiduciary duties to their principal whether paid or acts gratuitously. The fiduciary duties owed by an agent to his principal are: to avoid a conflict of interest. An agent must avoid situations where his personal interest conflicts, or possibly conflicts, with his duty to his principal Aberdeen Rail Co v Blaikie Brothers [] All ER Rep An agent must not, without his principal? Agents might have certain interests that might conflict with or might be seen to conflict with the interests of their principal. In such situations, an agent can avoid placing himself in a conflict situation by disclosing any potential conflict to his principal who may then, if he so wishes, permit the agent to continue to act for him in full knowledge of the potential conflict Clark Boyce v Mouat [] 1 AC A secret profit is made where an agent, whilst acting for his principal, receives some profit over and above that agreed with the principal.
An agent is not allowed to accept commission from a third party without his principal? An agent has two key duties in respect of payments he receives that are intended for his principal: He must keep such monies separate from his own money unless he is permitted by the agency agreement to mix the funds. He must keep and maintain accurate accounts of transactions and to furnish his principal with them when his principal requests them Turner v Burkinshaw LR 2 Ch App The duty to furnish his principal with accounts upon his principal?
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