Business Law

Business Law

Assessment

Flashcard

Business

10th - 12th Grade

Hard

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20 questions

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1.

FLASHCARD QUESTION

Front

An oral contract is _______

Back

Legal

2.

FLASHCARD QUESTION

Front

Offer, acceptance and consideration are all parts of a

Back

Contract

3.

FLASHCARD QUESTION

Front

An agreement between two parties that creates an obligation is a(n)

Back

Contract

4.

FLASHCARD QUESTION

Front

When someone is authorized to act on behalf of another it governed by _______ law

Back

Agency

5.

FLASHCARD QUESTION

Front

A business organization where the owners are personally responsible for the business debts is a(n)

Back

Sole proprietorship

6.

FLASHCARD QUESTION

Front

_______ protect the names and identifying marks of products and companies.

Back

Trademarks

7.

FLASHCARD QUESTION

Front

A business run by one person is a(n)

Back

Sole proprietorship

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