OSU BUSFIN 3500 Exam 1 Exam
Questions And Answers| Already Graded
A+| Latest Update 2026
Absolute privilege - CORRECT ANSWER -allows any statements w/o liable for defamation,
regardless of intent or falsity knowledge
Appeals Actions - CORRECT ANSWER -affirm, reserve, reverse and remand, modify
Actual Cause - CORRECT ANSWER -but for ur actions damage would not occur, actions changed
outcome
Actual Malice - CORRECT ANSWER -defamation- reckless disregard whether false statement
Administrative law - CORRECT ANSWER -rules made by large number of administrative agencies,
WPA
Adversarial VS prob solv negotiation - CORRECT ANSWER -max own gain VS max joint gain
Agencies - CORRECT ANSWER -enforcement, adjudication/hearing, advice (formal/informal)
Appeal - CORRECT ANSWER -either party can, usually requires a prejudicial error of law
Appellate court/jurisdiction - CORRECT ANSWER -2+ judges, no trials but may request more info,
written decisions
Assault - CORRECT ANSWER -Intent/Voluntarily, fear of an Immediate, offensive physical harm
, Assumption of the Risk - CORRECT ANSWER -Defendant prove plaintiff voluntarily assumed the
risk that was caused, known & voluntary
Battery - CORRECT ANSWER -harm done (Intent, offensive bodily contact) criminal
Binding Arbitration - CORRECT ANSWER -contract requires arbitration
Branches of the gov - CORRECT ANSWER -Leg/Congress/Make, Exec/Pres/Enforce,
Jud/Judge/Interprets
Business Law - CORRECT ANSWER -commercial- purpose = profit
Common Law/Case Law - CORRECT ANSWER -based on interpretations of past judges
Case or Controversy/Justiciable Controversy - CORRECT ANSWER -ticket to Federal Jur if
conditions met + injury/cause
Civil Law - CORRECT ANSWER -between 2 individuals or 2 organization
Code of Federal Regulations (CFR) - CORRECT ANSWER -all the exec orders created by the pres
Commerce Clause - CORRECT ANSWER -regulate w countries, states, tribes
Compensatory damages - CORRECT ANSWER -intended to compensate, based on actual damage
Concurrent Authority - CORRECT ANSWER -shared power w state + federal gov, both tax citizens
Questions And Answers| Already Graded
A+| Latest Update 2026
Absolute privilege - CORRECT ANSWER -allows any statements w/o liable for defamation,
regardless of intent or falsity knowledge
Appeals Actions - CORRECT ANSWER -affirm, reserve, reverse and remand, modify
Actual Cause - CORRECT ANSWER -but for ur actions damage would not occur, actions changed
outcome
Actual Malice - CORRECT ANSWER -defamation- reckless disregard whether false statement
Administrative law - CORRECT ANSWER -rules made by large number of administrative agencies,
WPA
Adversarial VS prob solv negotiation - CORRECT ANSWER -max own gain VS max joint gain
Agencies - CORRECT ANSWER -enforcement, adjudication/hearing, advice (formal/informal)
Appeal - CORRECT ANSWER -either party can, usually requires a prejudicial error of law
Appellate court/jurisdiction - CORRECT ANSWER -2+ judges, no trials but may request more info,
written decisions
Assault - CORRECT ANSWER -Intent/Voluntarily, fear of an Immediate, offensive physical harm
, Assumption of the Risk - CORRECT ANSWER -Defendant prove plaintiff voluntarily assumed the
risk that was caused, known & voluntary
Battery - CORRECT ANSWER -harm done (Intent, offensive bodily contact) criminal
Binding Arbitration - CORRECT ANSWER -contract requires arbitration
Branches of the gov - CORRECT ANSWER -Leg/Congress/Make, Exec/Pres/Enforce,
Jud/Judge/Interprets
Business Law - CORRECT ANSWER -commercial- purpose = profit
Common Law/Case Law - CORRECT ANSWER -based on interpretations of past judges
Case or Controversy/Justiciable Controversy - CORRECT ANSWER -ticket to Federal Jur if
conditions met + injury/cause
Civil Law - CORRECT ANSWER -between 2 individuals or 2 organization
Code of Federal Regulations (CFR) - CORRECT ANSWER -all the exec orders created by the pres
Commerce Clause - CORRECT ANSWER -regulate w countries, states, tribes
Compensatory damages - CORRECT ANSWER -intended to compensate, based on actual damage
Concurrent Authority - CORRECT ANSWER -shared power w state + federal gov, both tax citizens
