Business Law

An oral contract is ______________________

• not enforceable

• not legal

• not for money

• legal

Offer, acceptance and consideration are all parts of

• applications

• loans

• covers

• contract

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

• purpose

• contract

• tort

• offer

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

• tort

• administrative

• statutory

• agency

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

• C corporation

• sole proprietorship

• partnership

• LLC

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

• Trade secrets

• Trademarks

• Patents

• Copyrights

A business run by one person is a(n)

• corporation

• partnership

• sole proprietorship

• LLC

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

• Tort

• Property

• Agency

• Oral contracts

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

• written contract

• oral contract

• verbal contract

• implied contract

Original works are protected by

• patent

• copyrights

• contract

• trademark