This intermediate-level Business Law Practice Exam Part-IV assesses knowledge on various legal concepts, including statutory laws, police powers, and copyright laws. It is designed to enhance understanding of U. S. Legal frameworks, making it ideal for students and professionals in the legal field.
Property that is immovable, such as land and everything that is permanently attached to the land (i.e. permanently attached fixtures)
Property that is moveable and it is tangible or intangible property (e.g. stocks, automobiles)
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Legislative branch
Executive branch
Judicial branch
Presidential branch
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That judges use precedent in deciding cases
That judges make their own choices and not look at past decisions
Beef jerky
Marty robbins
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Us constitution
Federal statute
Federal administrative regulation
State statute
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Possession: the right to possess the property
Control: the right to control the property
Transfer: the right to transfer property
Governing: the right to govern all actions on your property
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Property that is immovable, such as land and everything that is permanently attached to the land (i.e. permanently attached fixtures)
Property that is moveable and it is tangible or intangible property (e.g. stocks, automobiles)
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only if consumers are confuse
only if George and Bill are competitors
only if consumers are confused and George and Bill are competitors
regardless of whether consumers are confused or George and Bill are competitors
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Refrain from doing specific acts
Perform a specific act
Cancel a contract and return the parties to pre-contract positions
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Arbitration.
Litigation.
Mediation.
Negotiation.
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Refrain from doing specific acts
Perform a specific act
Cancel a contract and return the parties to pre-contract positions
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Soil, water, and minerals
Natural or man-made products attached to the surface
Airspace directly above the surface (thats not subject to other regulation or control)
All of the above
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An average human being
A reasonable person.
A reasonable physician
A typical professional.
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Federal courts with exclusive jurisdiction over bankruptcy cases, meaat a bankruptcy case cannot be filed in a state court. In general, bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan. Additionally, bankruptcy laws protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.ning th
Has nationwide jurisdiction over most cases for money damages against the United States, disputes over federal contracts, unlawful “takings” of private property by the federal government, and a variety of other claims against the U.S.
Has nationwide jurisdiction over cases involving international trade and customs issues.
Have jurisdiction to hear nearly all categories of federal cases, including both civil and criminal matters. There are 94 federal judicial districts with at least one in each state, the District of Columbia, and Puerto Rico.
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1. Buyers purchase offer 2. sellers resonse 3. purchase and sale agreement 4. financing 5. home inspection 6. title examination and insurance 7. escrow 8. closing then recording
1. buyers purchase offer 2. sellers response 3. purchase and sale agreement 4. financing 5. home inspection 6. escrow 7. title examination and insurance 8. closing then recording
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Administrative law.
Case law.
Stare decisis.
Statutory law.
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Any commercial activity in the United States.
Only activities that are in intrastate commerce.
Only activities that are in local commerce.
Only activities that are not in commerce.
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Has nationwide jurisdiction over cases involving international trade and customs issues.
Federal courts with exclusive jurisdiction over bankruptcy cases, meaat a bankruptcy case cannot be filed in a state court. In general, bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan. Additionally, bankruptcy laws protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.ning th
Has nationwide jurisdiction over most cases for money damages against the United States, disputes over federal contracts, unlawful “takings” of private property by the federal government, and a variety of other claims against the U.S.
Have jurisdiction to hear nearly all categories of federal cases, including both civil and criminal matters. There are 94 federal judicial districts with at least one in each state, the District of Columbia, and Puerto Rico.
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Listing agreement
Real estate sales contracts
Deeds
Blueprints
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The law as expressed in the U.S. Constitution and the various state constitutions.
The U.S. Constitution is the supreme law of the land.
State constitutions are supreme within state borders to the extent that they do not violate the U.S. Constitution or a federal statutory or administrative law.
Any constitutional laws can be overruled by a judge if he deems it appropriate.
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Federal statute
State constitution
Federal administrative regulation
State statute
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Is a judicial proceeding between parties resulting from an alleged wrongdoing or for the protection of a right or prevention of a wrong.
Results in a judgement
Intitiated by filing a petition against the accused party with the appropriate platform
Decided by jury or judge
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Co-owners in fee simple.
Joint tenants.
Tenants for years.
Tenants in common.
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Hear appeals from the district courts located within its circuit, as well as appeals from decisions of federal administrative agencies.
Has nationwide jurisdiction to hear appeals in specialized cases, such as those involving patent laws and cases decided by the Court of International Trade and the Court of Federal Claims.
Federal courts with exclusive jurisdiction over bankruptcy cases, meaning that a bankruptcy case cannot be filed in a state court. In general, bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan. Additionally, bankruptcy laws protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.
Has nationwide jurisdiction over most cases for money damages against the United States, disputes over federal contracts, unlawful “takings” of private property by the federal government, and a variety of other claims against the U.S.
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Has nationwide jurisdiction over most cases for money damages against the United States, disputes over federal contracts, unlawful “takings” of private property by the federal government, and a variety of other claims against the U.S.
Has nationwide jurisdiction over cases involving international trade and customs issues.
Ederal courts with exclusive jurisdiction over bankruptcy cases, meaat a bankruptcy case cannot be filed in a state court. In general, bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan. Additionally, bankruptcy laws protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.ning th
Hear appeals from the district courts located within its circuit, as well as appeals from decisions of federal administrative agencies.
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Common law (or also known as case law) is judge-made law.
Common law includes interpretations of constitutional provisions of statutes (legislative) and regulations (administrative).
Common law governs all areas not covered by statutory law or agency regulations issued to implement applicable statutes.
Common law is not enforceable, but just common sense people should follow.
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Rules, orders, regulations, and decisions of federal, state, or local government administrative agencies.
Federal administrative agencies are created by enabling legislation enacted by the U.S. Congress.
Agency administrative functions may include: (1) rulemaking; (2) investigation; and (3) enforcement.
Administrative law takes precedent over statutory law.
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taxing powers
spending powers
supreme powers
police powers
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Administrative regulations.
Court decisions.
Federal and state statutes.
Proposed uniform laws.
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Refrain from doing specific acts
Perform a specific act
Cancel a contract and return the parties to pre-contract positions
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All other levels of government
No other levels of government.
The federal government only.
The Colorado state government only.
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Laws or ordinances created by federal, state, and local legislatures and governing bodies.
No statutory law can violate the U.S. Constitution.
The state and local statutory laws cannot violate relevant state constitutions.
Statutory laws are stated with state constitutions.
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13
50
17
10
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A certification mark.
A collective mark.
A service mark.
Trade dress.
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The written, statutory law that defines the rights and duties governing the relationship between or among people, an organization, and the state (i.e. criminal, contract and tort law).
Can function independently
Example: How a civil or criminal case will be handled
Cannot function independently.
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a case decided by the Alabama Supreme Court
a provision in the Alabama constitution
a rule created by an Alabama state administrative agency
a statute enacted by the Alabama legislature
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Congress
Federal administrative agencies that oversee agricultural products.
The United States Supreme Court.
The president of the United States.
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Have jurisdiction to hear nearly all categories of federal cases, including both civil and criminal matters. There are 94 federal judicial districts with at least one in each state, the District of Columbia, and Puerto Rico.
Has nationwide jurisdiction to hear appeals in specialized cases, such as those involving patent laws and cases decided by the Court of International Trade and the Court of Federal Claims.
Has nationwide jurisdiction over cases involving international trade and customs issues.
Hear appeals from the district courts located within its circuit, as well as appeals from decisions of federal administrative agencies.
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Land, buildings, airspace, fixtures
Land, buildings, automobiles, trees
Land, fixtures, airspace, automobiles
Stocks, land, buildings, vegetation
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The form or order by which the law is executed and enforced (i.e. criminal and civil procedure).
Cannot function independently.
Example: The manner in which a civil or criminal case proceeds.
Example: How a civil or criminal case will be handled.
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Originates from the United States Constitution, granting Congress the power to enact statutes for certain limited purposes.
U.S. statutes are codified in the U.S. Code (U.S.C.).
Many statutes provide executive branch agencies the power to create regulations, which are published in the Federal Register and codified – arranging laws/regulations in a systematic code – in the Code of Federal Regulations (C.F.R.).
State supreme courts (or the state’s highest court) are the final interpreters of state law, unless a federal issue is in play, in which case a decision may be appealed to the U.S. Supreme Court by a petition for writ of certiorari.
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Law is a body of enforceable rules governing relationships among or between individuals or their society
Law is a group of rules people follow because it is right to do so.
Law is a group of commands to which obedience is secured by the threat of sanctions.
Law is governmental social controls obtained through targeted application of punishments and rewards.
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A joint tenancy
A life estate
A tenancy in common
Ownership in fee simple absolute.
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Decided by judge or jury
Results in a decree or order
Punished with injunctive relief, specific performance, or rescission
Initiated by filing a petition against the accused party with the appropriate platform
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Constitutional under the due process clause.
Constitutional under the equal protection clause.
Unconstitutional under the due process clause.
Unconstitutional under the equal protection clause
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Initiated by filing a complaint against the accused party with the appropriate platform
Results in a decree or order
Punished with monetary damages or criminal penalties
Decided by jury or judge
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National laws
Customs and treaties
International organizations
United Nations committees
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Each of the 50 U.S. jurisdictions are a separate sovereign with an individual constitution, government and state court system.
State supreme courts (or the state’s highest court) are the final interpreters of state law, unless a federal issue is in play, in which case a decision may be appealed to the U.S. Supreme Court by a petition for writ of certiorari.
States have a legislative branch (enacts statutes), an executive branch (promulgates state regulations by statutory authority (i.e. sign into law)), and a judicial branch (applies, interprets, and can overturn state statutes and regulations).
U.S. statutes are codified in the U.S. Code (U.S.C.).
Jurisidiction
Venue
Standing
Evidential claims
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