AES Business Law Unit Exam With Complete Solutions 2024

AES Business Law Unit Exam With Complete Solutions 2024 After work John is planning to do some of his job tasks at home to get back on schedule. But he needs some office supplies at home. To save time and a trip to the store, he decides to take the supplies from work. Is John's action ____________. - correct answer-Illegal A business owned and run by one person is called a(n) ________. - correct answer-Sole proprietorship Local laws passed councils are called ____________. - correct answer-Ordinances Laws passed by legislatures are called ____________. - correct answer-Statutory laws You borrow your mom's car and accidentally put a dent in the door. What do you do? - correct answer-Tell her you did it While a law is still in the legislature, it is called a ____________. - correct answer-Bill _______ protects the name and identifying symbol of a product or company. - correct answer-Trademark State trial courts have jurisdiction over ____________. - correct answer-State law Original works are protected by ____________. - correct answer-Copyrights The exclusive right granted to an inventor to manufacture, use, or sell an invention is a(n) ____________. - correct answer-Patent A precedent law: - correct answer-Is determined by a court case. In order for a contract to be enforceable it must have - correct answer-Legal Purpose Laws issued by a government agency are ____________ laws. - correct answer-Regulatory What is an agreement between two parties that creates an obligation? - correct answer-Contract Larry's car had a tune-up, and the mechanic told him it's going to need a new timing belt at the next scheduled maintenance. Larry decides to sell the car, and tells the buyer that the maintenance is up to date. This is ____________. - correct answer-Unethical because Larry is hiding something important