LEGL 2700 Study guides, Class notes & Summaries

Administrative Agency - correct answer -An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct answer -Describes the rule-making functions of administrative agencies Quasi-judicial - correct answer -Administrative actions involving factual determinations and the discretionary application of ...

Law - correct answer made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - correct answer -laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - correct answer ownership-allows you to exclude others without your permission Common Property - correct answer resources like land that multiple people own Contract Law - corr...

Test 3 LEGL 2700 Questions With Complete Solutions

Promise - Answer-A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer-The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer-Tangible (touchable), movable personal property Bilateral Contract - Answer-Promise in exchange for a promise Involves promisor and promisee Usually made to a specific person Acceptance, then perfor...

Law - Answer-made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - Answer--laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - Answer-ownership-allows you to exclude others without your permission Common Property - Answer-resources like land that multiple people own Contract Law - Answer-enables an owner to exchange resources...

accessionAcquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. (something added) Adverse PossessionA person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. Artisan's LienA possessory lien given to a person who has made improvements and added value to another person's per...

jurisprudence the science or philosophy of law (judges precedent or interpretation) property law the legal right to exclude others from various resources. also called "ownership" constitutional law establishes the framework of the state whose purpose is to protect property in its broadest sense criminal law provides public protection for private resources and punishes those who harm them Tort Law protects and compensates owners through private civil lawsuits when their resources, i...

Life, Liberty, and PropertyThe three natural rights of all people, accoring to John Locke Western Legal SystemThe gov't has regulations placed on the resources an individual can have (ex. USA) CommunismThe gov't determines who gets what and how much they get (ex. Soviet Union) Private PropertyThe state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources PropertyThe legal right to exclude others from resources that are originally pos...

Three main concepts for a functioning marketplace law, rule of law, property law most significant and formal legal force Rule of Law laws are equally applicable to everyone, they must be enforced against everyone the same way. This is the key to a wealthy nation property right of ownership, right to exclude others from what you originally/rightfully own or lawfully acquired (legal fence) three main types of property public, private, common public property any good that is owned by the g...

LEGL 2700 Epstein 2024 Test 3 Exam Actual Real Set Questions With Revised Correct Answers | Passed!! white collar crime - Answer -any illegal offense that occurs in a business or professional setting felony - Answer --indictment / grand jury -fine or imprisonment greater than 1 year misdemeanor - Answer --information / gov charge -fine or jail less than 1 year intent - Answer -willfully or knowingly pleas in criminal cases - Answer -guilty, not guilty, nolo contendere (no contest) t...

LEGL 2700 Epstein Test 3 Exam Questions With Revised Correct Answers Who is criminal law protecting? - Answer -Society (criminal cases are wrongs against society) What are the sources of criminal law? - Answer -Authority in federal and state codes (criminal sections or sometimes penal codes) Who brings the case in criminal law? - Answer -Government is the party prosecuting What is the standard of proof in criminal cases? - Answer -Beyond reasonable doubt What is white collar crime? - A...

LEGL 2700 Jason Epstein UGA Test 2 Exam Questions All Correctly Answered Ethics can... - Answer -1. keep us out of trouble -personally & as a company -permeates everything we do; not just scandals 2. be used to our advantage -corporate culture -win trust of clients, suppliers, investors does ethics = law? - Answer -NO -law is the floor -ethics is doing right thing and going above and beyond what the law requires are ethics and law related? - Answer -YES -ethics help set the law -...