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Business Law FBLA exam with complete solutions 2024.
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Business Law FBLA exam with complete solutions 2024.
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Business Law FBLA exam with completesolutions 2024
Acceptance j- jANSWER✓✓-The jsecond jparty's junqualified jwillingness jto jgo
jalong jwith jthe jfirst jparty's jproposal
Accord jand jSatisfaction j- jANSWER✓✓-A jlegal jway jto jsettle jcontractual
jdisputes jby jwhich jone jparty jagrees jto jaccept jless jthan jthe jamount jdue jas jfull
jpayment
Actual jAuthority j- jANSWER✓✓-The jreal jpower ja jprincipal jgives jto jan jagent
Actual jNotice j- jANSWER✓✓-A jformal jnotice jgiven jdirectly jto ja jparty, jusually
jusing jcertified jmail jwith ja jreceipt
Adhesion jcontract j- jANSWER✓✓-A jtake-it-or-leave-it joffer jmade jby ja jparty jwho
jholds jmost jof jthe jpower jin ja jbargaining jsession
Administrative jLaw j- jANSWER✓✓-The jbody jof jrules jcreated jby jgovernment
jagencies
Agency j- jANSWER✓✓-A jtype jof jworking jrelationship jin jwhich jone jperson
jrepresents janother jperson jin ja jbusiness jtransaction jwith ja jthird jparty
Agency jby jEstoppel j- jANSWER✓✓-When jthe jprincipal's jactions jlead jthe jthird
jparty jto jbelieve jthat jthe jagent jis jworking jfor jthe jprincipal j(appointed jbut jnot
jofficially)
Agent j- jANSWER✓✓-The jperson jwho jhas jbeen jauthorized jto jdo jthe jwork
Alternative jDispute jResolution j- jANSWER✓✓-Parties jtry jto jresolve
jdisagreements joutside jof jthe jusual jcourt jsystem, jby jmediation, jarbitration,
jconciliation, jand jnegotiation
Annual jPercentage jRate j(APR) j- jANSWER✓✓-The jtrue jinterest jrate jof ja jloan
Apparent jAuthority j- jANSWER✓✓-Authority jthat ja j3rd jparty jbelieves jan jagent
jhas jwhile jacting jon jbehalf jof jthe jprincipal
, Appellate jCourt j- jANSWER✓✓-The jU.S. jcourts jof jappeals jin jfederal jsystem;
jhears jappeals jand jreviews jcases jfrom jthe jlower jcourts
Arraignment j- jANSWER✓✓-A jformal jhearing jduring jwhich jthe jdefendant jis
jread jthe jindictment jor jinfo jand jis jasked jto jplead jguilty jor jnot jguilty
Articles jof jIncorporation j- jANSWER✓✓-A jlegal jdocument jfiled jwith jthe jstate jto
jestablish ja jcorporation
Arrest j- jANSWER✓✓-Occurs jwhen ja jperson jis jlegally jdeprived jof jhis jor jher
jfreedom
Assault j- jANSWER✓✓-Attempt jto jcommit ja jbattery
Asset jAcquisition j- jANSWER✓✓-When jone jcorporation jagrees jto jpurchase jthe
jassests, jsuch jas jproperty, jbuilding, jand jequipment, jof ja jsecond jcorporation
Assignment j- jANSWER✓✓-The jtransfer jof ja jright junder jcontract
Assumption jof jRisk j- jANSWER✓✓-A jdefense jagainst jnegligence jthat jis jraised
jwhen jthe jplaintiff jknew jof jthe jrisk jand jstill jtook jthe jchance jof jbeing jinjured
Bail j- jANSWER✓✓-Money jor jother jproperty jthat jis jleft jwith jthe jcourt jto jassure
jthat ja jperson jwho jhas jbeen jarrested, jbut jreleased, jwill jreturn jto jjail
Bailment j- jANSWER✓✓-The jtransfer jof jpossession jand jcontrol jof jpersonal
jproperty jto janother jwith jthe jintent jthat jthe jsame jproperty jwill jbe jreturned jlater
Bankruptcy j- jANSWER✓✓-The jlegal jprocess jby jwhich ja jdebtor jcan jmake ja
jfresh jstart jthrough jthe jsale jof jassets jto jpay joff jcreditors
Battery j- jANSWER✓✓-The junlawful jtouching jof janother jperson
Bigamy j- jANSWER✓✓-The jillegal jact jof jhaving jtwo jspouses jat jthe jsame jtime
Bilateral jContract j- jANSWER✓✓-A jcontract jthat jcontains jtwo jpromises: jone
jparty jpromises jto jdo jsomething jin jexchange jfor jother's jpromise jto jdo
jsomething jelse
Bill jof jSale j- jANSWER✓✓-Formal jevidence jof jownership
Breach jof jContract j- jANSWER✓✓-When jone jparty jto ja jcontract jfails jto jperform
jthe jduties jspelled jout jby jthe jcontract
Burglary j- jANSWER✓✓-Breaking jand jentering ja jhouse jor jother jstructure jto
jcommit ja jfelony
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