FBLA Business Law Test

Front

Which of the following is NOT a required element of a contract? Offer, Acceptance, Public Notarization, Consideration

Back

Public Notarization

Front

A tort is best described as:

Back

A wrongful act leading to civil legal liability

Front

Which type of intellectual property protection is typically used for inventions?

Back

Patent

Front

In employment law, wrongful termination refers to a firing that:

Back

Is based on discriminatory reasons

Front

A negotiable instrument must include which of the following?
Options:
An unconditional promise or order to pay,
A specific payee,
A notarization signature,
A witness's signature

Back

An unconditional promise or order to pay

Front

Which principle of legal ethics requires lawyers to represent their clients with undivided loyalty?

Back

Fiduciary Duty

Front

The Fair Credit Reporting Act is designed to promote the accuracy, fairness, and privacy of information in the files of:

Back

Consumer reporting agencies

Front

Which of the following is NOT a form of consumer protection? Product warranties, No-return policies, Truth in advertising laws, Privacy policies

Back

No-return policies

Front

The legal concept of "quiet enjoyment" in real estate law refers to:

Back

The right to use property without interference

Front

Which of the following is a characteristic of a bilateral contract? Only one party makes a promise, It involves a promise in exchange for an act, Both parties make a promise, It is always written

Back

Both parties make a promise