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Final Exam Review - Business Law

  •  English    28     Public
    Business and personal law review
  •   Study   Slideshow
  • Having the ability, according to law, to understand the contract and the consequences is which of the six elements of a contract?
    Capacity
  •  10
  • This term describes a legal doctrine where one who "promised" a gift might be forced to have to give it.
    Promissory estoppel
  •  20
  • A legal cancellation of a marriage, as if it never happened.
    Annulment
  •  15
  • The general reason listed for dissolution of marriage in a no-fault divorce.
    Irreconcilable differences
  •  25
  • An alternative to a living will is a ________ power of attorney.
    DURABLE (or health care)
  •  15
  • Automobile insurance coverage that covers for damage to your own vehicle rather than damage you do to others in an accident that is your fault would be:
    COLLISION
  •  15
  • Which agency at the federal level has the main responsibility for preventing false and misleading advertising?
    Federal Trade Commission
  •  15
  • This agency maintains a website where consumers can find out about product recalls.
    CPSC (Consumer Product Safety Commission)
  •  15
  • If someone quits before their contract is up, the employer may sue for this.
    Breach of Contract
  •  15
  • If someone cuts a deal with a judge and then, at court, refused to answer any questions and refused to testify, what will he be charged with?
    Contempt of Court
  •  25
  • This additional thing is needed if you have home insurance and want to insure specific valuables.
    Rider (or Endorsements)
  •  15
  • If two friends plan to murder someone but are caught in the planning period, they can be charged with this.
    Conspiracy
  •  15