
Civil Law 4.1
Flashcard
•
Business
•
11th Grade
•
Hard
Lashanda Leflore
FREE Resource
Student preview

29 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Beneficiary
Back
A person or organization that benefits financially by receiving assets from a will, trust, or insurance policy.
2.
FLASHCARD QUESTION
Front
Breach of Contract
Back
When a party, without lawful excuse, fails to perform any or all agreed-upon terms of a contract.
3.
FLASHCARD QUESTION
Front
Capacity
Back
The legal ability of a party to enter into a binding contract.
4.
FLASHCARD QUESTION
Front
Civil Law
Back
The body of law that regulates disputes between natural persons, legal persons, or between the two.
5.
FLASHCARD QUESTION
Front
Contract
Back
A binding agreement between two or more parties.
6.
FLASHCARD QUESTION
Front
Contract Law
Back
The body of law that governs the creation, execution, and enforcement of agreements between parties.
7.
FLASHCARD QUESTION
Front
Corporation
Back
A legal entity that is separate from its owners and controlled by a board of directors; it has most of the same rights and responsibilities as individuals but offers limited liability.
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