20 questions
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
The exclusive right granted to an inventor to manufacture, use, or sell an invention is a
Trademark
Trade secret
Copyright
Patent
Courts can enforce
LLC
Partnership
Defense
Contracts
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
A business organization that has some liability protection for the owner is a(n)
Corporation
Partnership
LLC
Sole proprietorship
Intellectual Property can be protected by
Patents
Agency
Tort
Statues
In order for a contract to be enforceable it must have
Acceptance
Consideration
Offers
Legal Purpose
_______ of an offer is agreement to the terms of the offer.
Competency
Consideration
Acceptance
Offer
A corporation that has less that 30 shareholders is
LLC
C Corporation
Close
S Corporation
_______ law deals with situations where a person's behavior has caused someone else to suffer a loss or
harm.
Tort
Regulatory
Agency
Statues