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WorksheetsBusiness Law B.Com
Total questions: 11
Worksheet time: 6mins
Name the two parties to a contract of indemnity?
Indemnifier
Indianifier
Indemnity-Holder
None of these
A classmate is having trouble finishing a report. He'll pay you to finish it for him. What is the ethical thing to do?A classmate is having trouble finishing a report. He'll pay you to finish it for him. What is the ethical thing to do?
Decline to do it, but ask for the money anyway or you'll tell the teacher.
Decline to do it, explaining that you don't have time.
Agree to do it since you have time. But decline the money because it's wrong.
Agree to do it. You could use the money.
The U. S. Supreme Court hears cases that involve ____________.
Constitutional cases
Civil cases
Criminal cases
Tort cases
Local laws passed councils are called ____________.
Qualification
Propositions
Ordinances
Ratifications
A cashier gives you more change then she should have. The ethical choice is to ____________.
Donate the money to a worthy cause
Return the extra money
Keep the money
Spend the money
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
A business organization where the owners are personally responsible for the business debts a(n)
C Corporation
LLC
Partnership
Sole proprietorship
If parties in a contract are not _______, the contract can be canceled.
Accepting
Competent
Offering
Offering compensation
A business organization that has members is a(n)
Sole proprietorship
Partnership
LLC
Corporation
Courts can enforce
LLC
Partnership
Defense
Contracts
