Busl18- Final Study Guide - Mt San Antonio College

This study source was downloaded by 100000859819779 from CourseHero.com on 02-14-2023 14:21:13 GMT -06:00https://www.coursehero.com/file/105425814/BUSL18-Final-Study-Guidedocx/ BUSL18 - FINAL STUDY GUIDE1. If the US Congress creates a law, the law applies throughout the U.S., however, if a state createsa law, the law applies within that state only.2. There are legal remedies and equitable remedies, which are different. You need to understandthe difference between the two types of remedies and also be able to identify whether a remedy that isbeing described in a fact pattern is an equitable remedy or a legal remedy. Examples of equitableremedies include an injunction, specific performance. An example of a legal remedy is a court orderinga defendant to pay plaintiff monetary damages.-Legal remedies allow the non-breaching party to recover monetary damages. In contrast, equitableremedies are non-monetary solutions to resolve the disputed issue.3. What is the definition of an injunction?-An injunction is an order to a party to cease engaging in a specific activity or to undo some wrong orinjury.4. What is contract rescission?-Contract rescission is the cancellation of a contractual obligation.5. What is specific performance?-Specific performance involves ordering a party to perform an agreement as promised.6. What are the differences between a trial court and an appellate court?-