Blaw 321- Law Of Business Organizations Study Guide Questions And Correct Answers

What is the state executive? {Ans: Governer}Taylor Law (state law) {Ans: This New York law grants PUBLIC sector employees the right to collectively bargain.}Most law of business organizations is? {Ans: State law}Why is case law (common law) not ranked 1-4 {Ans: Its purpose is merely to decide a case in controversy or interpret or explain a constitution, statute, regulation or executive order.}5 ground for termination of agency {Ans: 1. Lapse of time "1 month to sell" 2. Happening of event "car breaks" 3. Change of circumstances "change mind to sell" 4. Unilateral act of principle or agent "one is lazy" 5. Operation of law "car owner dies"}Employment definition {Ans: Must pay for the service An act or engage or hire one's service, in return for payment for such service}