Contract & Employment Law

What is a legally binding document between two or more parties – people, organizations or corporations?

• Contract

• Enterprise

• Corporation

• Integration

What provides proof for future legal situations in case of legal disagreements regarding business details such as price of goods or ship date.

• Oral Contract

• Written Contract

• Court Contract

• Argument Litigation

What are legal contracts made through speech – there may be no written evidence.

• Written Contracts

• Uniform Commercial Code

• Court Case Appeal

• Oral Contracts

A contract must be in written form if the good being sold is valued at more than ________.

• $2,000

• $550

• $500

• $1,500

A contract must be in written form for services or actions taking longer than ___________ to complete.

• Two Years

• One Year

• 6 Months

• 3 Months

An oral contract can be legally enforceable.

• True

• False

Which law governs contracts regarding the sale of goods?

• Uniform Commercial Code (UCC)

• Federal Trade Commission (FTC)

• Common Law

• Environmental Protection Agency (EPA)

What is a judge-made law that is passed down over the years?

• Uniform Commercial Code

• Administrative Law

• Statutory Law

• Common Law

All parties involved in a contract must be which of the following? (Mark all that apply)

• Competent

• Accompanied by a Lawyer

• In agreement to terms

• A business owner

__________ involves agreements within a contract which have been destroyed and results in an alleged contract void. It also impairs a contract's enforce-ability as a law.

• Void legality

• Offer Agreement

• Defective Agreements

• Court voided agreement