Funeral Service Projects: Business Law Quiz

Law which is concerned primarily with those rules of conduct involving financial transactions between individuals or legal entities:

Business law

The failure to volunteer or reveal information not requested is termed:

Concealment

A contract under seal is called:

Formal

Which of the following is a mistake that does not render an agreement defective?

Terms of the contract

A contract is a legally enforceable agreement between:

Two or more legally competent persons

The highest court of the land in the united states is the:

U.S. Supreme Court

A writ commanding the person named in it to attend court under penalty for failure is:

A Subpoena

One who ships goods by common carrier is called:

A consignor

A formal written command issued by a court of law:

A writ

A permanent order, issued by a court, forbidding activities which would be detrimental to others is:

A writ of habeus corpus

Reasonable care, under the circumstances, is a required standard in ordinary bailments by the:

Bailee

Goods of a homogenous nature which are sold by weight or measure are known as:

Fungible Goods

Which of the following is classified as a movable personal property?

Furniture

The part who institutes a court action is the:

Plaintiff

The statute of frauds states that for contracts classified under this statue to be enforceable they must be:

Written contracts

Bailment in which the bailee does not receive any compensation is:

A gratuitous bailment

One who receives possession of another's property for sale on commission is:

A factor

The law of the land in the United States is the:

U.S. Constitution

The two essential elements of a contract are:

The offer and the acceptance

An expressed willingness from a person to enter into a contractual agreement is:

An offer

A foreign corporation is one that is chartered in:

Another State

The dissection of dead human remains for the educational learning value derived therein is termed:

Autopsy

Damages in excess of those required to compensate the plaintiff for the wrong doing are:

Punitive

The dead human body, in legal terminology, is considered:

Quasi Property

Oral Contracts Are:

Spoken

The statute listing certain classes of contracts which must be in writing to be enforceable is called the:

Statute of Frauds

The term which means a fact that could alter one's decisions to enter into a legal binding contract is:

A Material Fact

A life insurance policy which continues until the death of the insured is:

Whole Life

A person to whom a debt is owed is called a:

Creditor

A sealed written contract usually issued by a corporation, a municipality, or a government which contains a promise to pay a sum certain in money at a fixed or determinable future time is:

A Bond

Which one of these is necessary:

A Medical Bill

Personal effects and clothing of the deceased are best accounted for by utilizing:

A Personal Effects Form

A written insurance contract is:

A Policy

The profits of a corporation belong to the corporation until set aside by the directors for distribution as:

Dividends

Usury is a term which refers to:

Excess interest

When does a funeral director have actual custody of a decedent?

Just as soon as the hospital has released the remains to them

Courts concerned with delinquent, dependent, and neglected children are called:

Juvenile Courts

Caveat Emptor means:

Let the buyer beware

A partnership is which ones partner's liability is limited to a capital contribution only is a:

Limited Partnership

In order to be enforceable, a valid contract must meet which of the following requirements?

Mutual Agreement, Competent Parties, Supported by Consideration & Lawful Purpose

Is a funeral director liable for a volunteer pallbearer that closes the car door on the fingers of another volunteer pallbearer?

No

Is malice a necessary element before you can be charged with the desecration of a grave?

No

"Anything unlawful that worketh hurt, inconvenience, or that is offensive to the senses," the court terms as a/an:

Nuisance

Laws passed by local governments are:

Ordinances

The laws of city councils are called:

Ordinances

The court having sole jurisdiction over estates is:

The Probate Court

Any rate of interest above the maximum rate allowable by law is said to be:

Usurious

A contract in which undue influence was proved is considered:

Voidable

The owners of a corporation are known as:

Stockholders

A sale is different from a contract to sell in that in a sale:

The title and the item are transferred upon completion of the transaction