
Business Law
Flashcard
•
Business
•
10th - 12th Grade
•
Practice Problem
•
Easy
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20 questions
Show all answers
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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