Subject : Fundamentals of Business Law Please dear experts help me out by answer
ID: 2820767 • Letter: S
Question
Subject : Fundamentals of Business Law
Please dear experts help me out by answering these questions below.
1) What do business laws protect?
A) All contacts
B) Payments to suppliers
C) Embezzlement
D) Employment Decisions
E) All contracts, employment decisions, and payments to suppliers.
2) In order to ensure that a case or controversy exists, the plaintiff must show :
A) An actual legal dispute
B) An adverse relationship between the parties.
C) An adverse relationship between the parties and actual legal dispute.
D) It is a proper matter for judicial determination.
E) An adverse relationship between the parties, an actual legal dispute, and it is a proper matter for judicial determination.
3) When is an arbitrator's decision called an "award"?
A) Always
B) Never
C) Only if both parties had lawyers. That terminology makes it easier for the lawyers to be paid.
D) Only if a money award is involved.
E) Only if one party completely wins and there is no split decision.
Explanation / Answer
Ans 1) The correct answer is option E. All contracts happened in business are bind with business law, Payment to suppliers and employment decisions are also abide by law. hence the correct answer is option E. Mainly in nutsheel business law protects proprty, public health, individual rights, personal rights, state person and property hence these all are covered in option E. hence the answer is option E.
Ans 2) The correct answer is option E
There are basically three criteria must be fulfilled for any case or controversy exists these all crietria is given in option E i.e. "An adverse relationship between the parties, an actual legal dispute, and it is a proper matter for judicial determination." hence answer is option E.
Ans 3) An arbitrator's decision is always called an award except when it violets and public policy and is taken in bad faith and conduction of arbitrator basically favors the one party. hence here the correct answer would be option A.