Business Law REVIEW (up to bus organizations)

Front

The primary purpose of tort/civil law is to protect the rights of individuals.

Back

True

Front

This element refers to someone's mental ability to enter into a contract.

Back

capacity

Front

A PLAINTIFF is ...

Back

a person who was hurt in in a civil trial

Front

A _____________________ agreement is used to protect property before being married

Back

prenuptial

Front

Torts based on carelessness are classified as _____?

Back

negligence

Front

A corporation has an existence that is separate from the real persons who own it.

Back

TRUE

Front

The owner of a sole proprietorship has unlimited control over the entire business.

Back

TRUE

Front

In a limited partnership, each partner is liable only to the extent of their investment.

Back

FALSE

Front

The most common form of business organizations are: corporations, nontrading partnerships, sole proprietorships, trading partnerships.

Back

sole proprietorships

Front

_____ includes property held by both spouses during a marriage

Back

Community Property