Business Law

An oral contract is _______

• Legal

• Not enforceable

• Not for money

• Not legal

Offer, acceptance and consideration are all parts of a

• Covers

• Loans

• Applications

• Contract

An agreement between two parties that creates an obligation is a(n)

• Contract

• Tort

• Offer

• Purpose

When someone is authorized to act on behalf of another it governed by _______ law

• Agency

• Tort

• Statutory

• Administrative

A business organization where the owners are personally responsible for the business debts a(n)

• C Corporation

• LLC

• Partnership

• Sole proprietorship

_______ protect the names and identifying marks of products and companies.

• Patents

• Trademarks

• Trade secrets

• Copyrights

A business run by one person is a(n)

• Corporation

• LLC

• Sole proprietorship

• Partnership

_______ law is the area of law that guides real property, personal property, and intellectual property.

• Tort

• Property

• Oral contracts

• Agency

An _______ is one in which some of the terms are not expressed in words.

• Oral contract

• Verbal contract

• Written contract

• Implied contract

Original works are protected by

• Copyrights

• Trademark

• Patent

• Contract