Business Law

Business Law

8th Grade - University

38 Qs

quiz-placeholder

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Business Law

Business Law

Assessment

Quiz

Business

8th Grade - University

Practice Problem

Hard

Created by

Karla Foit

Used 153+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An oral contract is ______________________

not enforceable

not legal

not for money

legal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Offer, acceptance and consideration are all parts of

applications

loans

covers

contract

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement between two parties that creates an obligation is a(n)

purpose

contract

tort

offer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone is authorized to act on behalf of another it is governed by _____________ law.

tort

administrative

statutory

agency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business organization where the owners are personally responsible for the business debts are a

C corporation

sole proprietorship

partnership

LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ protect the names and identifying marks of products and companies.

Trade secrets

Trademarks

Patents

Copyrights

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business run by one person is a(n)

corporation

partnership

sole proprietorship

LLC

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