MORTUARY LAW AND BUSINESS LAW 3
Offer
An expressed willingness from a person to enter into a contractual agreement is a/an
Illegal
Price fixing agreements are
Verdict
The decision of a jury is the
State Supreme Court
The highest court of a state is the
U.S. Supreme Court
The highest court of the land in the United States is the
Plaintiff
The party who institutes a court action is the
Disaffirmance
The right a minor has to avoid a contract is termed
Excess Interest
Usury is a term which refers to
Terms of the Contract
Which of the following is a mistake that does NOT render an agreement defective? Identity of the subject matter; Identity of the party or parties; Terms of the contract; Existence of the subject matter
Movie Ticket
Which of the following is not a necessity? Clothes, Food, Movie Ticket, Shelter
Medical Bill
Which one of these is a necessary: CD player; Television; concert ticket; medical bill
Novation
A change of parties with the formation of a new contract is
Implied contract
A contract in which the duties and obligations assumed by the parties are not verbalized but indicated by their actions is known as a/an
Express Contract
A contract in which the parties make known their intentions by words is a/an
Voidable
A contract made by an insane person who has not been declared so judicially is
Judicially Declared Insane Person
A contract made with which of these people would be considered void? Intoxicated person; Minor; Adult; Judicially declared insane person
Agreement
A contract must always be a/an
Unilateral contract
A contract which is based upon acts being done in consideration for a promise is called a/an
Executed
A contract whose terms have been fully carried out is
Intent
A newspaper advertisement can be an offer if it shows
Offeror
The party who makes the offer is the
Material fact
The term which means a fact that could alter one's decision to enter into a legal binding contract is a/an
Counteroffer
An offer is rejected by a/an
Spoken
Oral contracts are
Law
Rules of civil conduct commanding what is right and prohibiting what is wrong defines
Void
A contract made by a legally declared insane person is
Torts
Generally, a minor is fully liable for his/her
Administrative Law
Orders and decrees from governmental agencies which have the force of law is considered
Business Law
Law which is concerned primarily with those rules of conduct involving financial transactions between individuals or legal entities is
Anti-trust laws
Laws that are designed to protect or prevent any individual from controlling a large share of a market or products are
Default
A breach of contractual obligation other than money is
Appellate court
A federal court of appeals is a/an
Minor
A person below the adult age is a/an
Summons
A process may be referred to as a/an
Consanguinity
A term for blood kin is
Delegation
A term which means the transfer of one's duty alone without transfer of rights is
England
Common law developed in
Written Contracts
The Statute of Frauds states that for contracts classified under this statute to be enforceable they must be
Rescind
To cancel or annul or avoid a contract is to
Breach of Contract
The violation of the terms of a contract is referred to as
