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LGS 200 Exam 3 ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

A+
LGS 200 Exam 3 ACTUAL QUESTIONS AND CORRECT ANSWERS 4 elements of a valid contract - CORRECT ANSWER contracts under the UCC (uniform commercial code) - CORRECT ANSWER Bilateral vs. Unilateral - CORRECT ANSWER Valid offers / elements of - CORRECT ANSWER Termination of an offer - CORRECT ANSWER acceptance of a contract - CORRECT ANSWER mailbox rule - CORRECT ANSWER acceptance by fax machine - CORRECT ANSWER counteroffers - CORRECT ANSWER re...
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LGS 200 Exam 2 ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 2 ACTUAL QUESTIONS AND CORRECT ANSWERS Contract - CORRECT ANSWER Agreement - CORRECT ANSWER Offer - CORRECT ANSWER Offeror - CORRECT ANSWER Offeree - CORRECT ANSWER Acceptance - CORRECT ANSWER Promise - CORRECT ANSWER Consideration - CORRECT ANSWER Valid Contract - CORRECT ANSWER A legally enforceable agreement. Meeting of minds about a deal. Proposal to enter a contract. Person making the offer. Person receiving the offer. ...
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LGS 200 Exam 4 ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 4 ACTUAL QUESTIONS AND CORRECT ANSWERS Business judgement rule - CORRECT ANSWER In making a business decision, the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the company. Entrepreneur - CORRECT ANSWER either by him- or herself or with others. A person who forms and operates a new business Securities Act of 1933 - CORRECT ANSWER information to investors. ...
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LGS 200 Exam 4 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 4 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Right to participate in management - CORRECT ANSWER A situation in which, unless otherwise agreed, each partner has a right to participate in the management of a partnership and has an equal vote on partnership matters. Right to share in profits - CORRECT ANSWER Unless otherwise agreed, the UPA mandates that a general partner has the right to an equal share in the partnership's profits and losses Action for ...
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LGS 200 Exam 3 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 3 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Parties to a Contract - CORRECT ANSWER legally binding agreement. Individuals or entities entering into a Elements of a Valid Contract - CORRECT ANSWER mutual assent, capacity, and legal purpose. Consideration - CORRECT ANSWER Offer, acceptance, consideration, Something of legal value exchanged between parties. Bargained-for Exchange - CORRECT ANSWER value and receive something in return. Capacity -...
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LGS 200 Exam 2 ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 2 ACTUAL QUESTIONS AND CORRECT ANSWERS 4th amendment - CORRECT ANSWER seizures in persons, papers, houses and effects protection against unreasonable searches and What constitutes a search - CORRECT ANSWER on a person's reasonable expectation of privacy What constitutes a seizure - CORRECT ANSWER when a government actor infringes when a government actor, by means of contact or show of authority, restrains a person or interferes with an individual's...
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LGS 200 Exam 2 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 2 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Which of the following is a valid offer? A. Arun tells Eric he will sell one of his houses for $250,000 by the end of the summer. B. Eric offers to buy Arun's house for $290,000. Arun says, "No, but I will sell it to you for $300,000." Eric seems to be upset, so Arun says he will sell it for $290,000. C. Arun distributes flyers at work stating he wants to sell his house, listing the address and the asking price. ...
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LGS 200 Exam 2 UPDATED QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Exam 2 UPDATED QUESTIONS AND CORRECT ANSWERS Contract - CORRECT ANSWER Agreement - CORRECT ANSWER Offer - CORRECT ANSWER Offeror - CORRECT ANSWER Offeree - CORRECT ANSWER Acceptance - CORRECT ANSWER Promise - CORRECT ANSWER Consideration - CORRECT ANSWER Valid Contract - CORRECT ANSWER A legally enforceable agreement. Meeting of minds about a deal. Proposal to enter a contract. Person making the offer. Person receiving the offer. ...
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LGS 200 Test 2 Exam ACTUAL QUESTIONS AND CORRECT ANSWERS
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april 2026

2025/2026

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LGS 200 Test 2 Exam ACTUAL QUESTIONS AND CORRECT ANSWERS Tort - CORRECT ANSWER Harm 4 Kinds of Torts - CORRECT ANSWER Negligence Strict Liability Product Liability Negligence - CORRECT ANSWER Breach of duty of care Intentional Torts Breach of duty to act as a reasonable person Failure to exercise the degree of care that a reasonable person would have exercised Res Ipsa Loquitur - CORRECT ANSWER "The thing speaks for itself" Burden of proof shifts t...
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LS200 Final Exam | UPDATED Questions with 100% Correct Answers
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april 2026

2025/2026

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LS200 Final Exam | UPDATED Questions with 100% Correct Answers
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