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Law Chapter 11 Vocab

Authored by A Dohanich

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9th - 12th Grade

Used 1+ times

Law Chapter 11 Vocab
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19 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

bet on the uncertain outcome of an event

usury
restitution
bid rigging
wager

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

competitors' agreement to split market areas between themselves

competency license
gambling
allocation of markets
revenue license

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

lending money at a rate higher than the state's maximum allowable rate

covenants not to compete
usury
compounding a crime
maximum rate of interest

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

competitors' agreement to that one bidder will have the lowest bid for a particular job

bid rigging
allocation of markets
covenants not to compete
small loan rate of interest

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

grossly unfair contract for the sale of goods

wager
substantive unconscionability
unconscionable contract
procedural unconscionability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

state requirement for people in certain occupations and businesses to pass exams and receive a license

resale price maintenance
maximum rate of interest
usury
competency license

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

element of unconscionability established by the terms of the agreement

procedural unconscionability
substantive unconscionability
divisible contracts
unconscionable contract

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