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Business Law - Chapter 10

Authored by Janna Kohler

Other

11th - 12th Grade

Used 33+ times

Business Law - Chapter 10
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38 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Agreements to commit felonies are:

Legal
Illegal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Charging more than the maximum interest rate is:

Bid rigging
Unconscionable
Usury
Compounding a crime

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean for a contract to be "within the Statute of Frauds"?

It can be orally made
It must be in writing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an agreement that restrains trade/competition?

Price fixing
Bid rigging
Allocation of markets
All of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of contract, legal and illegal parts can NOT be separated:

Divisible
Indivisible

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a contract does not need to be in writing, it is said to be:

"Outside the Statute of Frauds"
"Without the Statute of Frauds"
"Within the Statute of Frauds"
None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This occurs when competitors divide markets among themselves:

Allocation of markets
Bid rigging
Price fixing
Usury

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