Civil Law 4.1

Civil Law 4.1

Assessment

Flashcard

Business

11th Grade

Hard

Created by

Lashanda Leflore

FREE Resource

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29 questions

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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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