Business Law Qtr 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Rule of civil conduct commanding you to do what is right and prohibiting you from doing what is wrong | show 🗑
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| show | Common Law
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| show | Statute
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| Laws that are formally enacted by the legislature | show 🗑
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| Statute enacted by local gov't | show 🗑
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| show | Administrative Agency Laws
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| show | Constitution/ Constitutional Law
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| First 10 Ammendments of the Constitution | show 🗑
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| Those laws which relate to business or commercial transactions | show 🗑
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| Decisions of the higher courts that set precedents | show 🗑
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| Violation of a statute or ordinance; offense against society as a whole | show 🗑
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| Civil wrong committed against a person or their property | show 🗑
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| show | To listen to the facts/evidence and they apply those facts to law
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| show | Subject Matter Authority & Personal Jurisdiction
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| Person filing a suit against another | show 🗑
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| Proper place to file a suit | show 🗑
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| show | Equity
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| 2 Classifications of Courts | show 🗑
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| When a suit is filed on the state level, it will be first heard in.... | show 🗑
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| The Appellate Courts are made up of the..... | show 🗑
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| show | Breach
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| When a suit is filed on the federal level, it will first be heard in the.... | show 🗑
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| show | Writ of Certiorari
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| When one person sues another | show 🗑
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| show | Defendant
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| Document issued to produce a witness | show 🗑
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| Means of obtaining information from the other party before a trial begins | show 🗑
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| 2 Methods of Discovery | show 🗑
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| show | Verdict
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| Legally enforceable agreement between two or more competent people where one party or the other would be able to file suit in a court of law if the other party breached the document | show 🗑
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| Requirements of a Valid Contract | show 🗑
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| show | Valid
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| show | Void
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| Contract that is valid but may be avoided because of certain circumstances | show 🗑
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| show | Expressed
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| show | Implied
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| Contract that is imposed upon the parties by law | show 🗑
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| Contract that has been fulfilled | show 🗑
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| Contract that has not been fulfilled | show 🗑
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| show | Formal
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| show | Simple
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| show | Unilateral
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| Exchange of promises | show 🗑
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| In mutual agreement, the proposal is made by the ______ | show 🗑
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| show | Offeree
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| show | Must be definite
Must be seriously intended
Communicated to offeree
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| show | Mailbox Rule
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| show | Counter Offer
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| show | Yes
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| show | Option Contract
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| show | 17 years old or younger
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| Under common law, a minor was under.... | show 🗑
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| show | Voidable
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| show | Disaffirmance of the Contract
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| show | Radification
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| show | Void
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| show | Voidable
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| An act or promise to act or to forebear from acting where you had a legal right to do so given up in exchange for the other party to the contract's promise or action or refraining to act | show 🗑
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| show | Defective Agreement
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| When 1 person made a mistake | show 🗑
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| show | Mutual Mistake
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| If there is a mutual mistake will it affect the validity of a contract? | show 🗑
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| 2 Types of Fraud | show 🗑
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| A contract in which there was fraud in the inducement is _______ | show 🗑
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| show | Void
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| A contract created under duress is _______ | show 🗑
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| A contract created with undue influence is _______ | show 🗑
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| Multiple parts of a contract that are performed seperately or in stages ex: Funeral Contract | show 🗑
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| Are gambling contracts illegal by statute? | show 🗑
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| Sunday contracts are _______ | show 🗑
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| show | Illegal
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| show | Yes
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| If someone enters into a contract with someone who doesn't have a license, the contract is _________ | show 🗑
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| show | Illegal & Void
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| show | Statute of Frauds
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| show | Executor
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| Person appointed by a court to take care of an estate | show 🗑
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| Once you have a written contract, if there was a breach and a suit is filed, you can't introduce oral testimony to vary the terms of the contract into evidence | show 🗑
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| show | Assignor
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| Person recieving the assigned rights of a contract | show 🗑
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| A transfer of duties | show 🗑
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| show | Novation
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| show | Warranties of an Assignor Under Contract
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| At least 2 people on one side of the contract | show 🗑
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| If 2 people agree to perform an obligation together | show 🗑
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| show | Several
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| show | Joint & Several
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Created by:
sbarton
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