Legal and Regulatory Compliance

A formal written command issued by a court of law

A writ

A court order forbidding a certain action from occurring thus protecting the status quo is ___.

an injunction

In terms of a commercial transaction, a _________ is a person who sells goods for commission.

broker

The doctrine of stare decisis is concerned with

case law

A principal owes which of the following duties to the agent?

compensation

During which of Kohlberg's stages of moral development is the individual is characterized as showing close adherence to the cultural rules and expectations without fully understanding why. At this stage the person believes that following the cultural "rules" is necessary, no matter what those expectations are.

conventional stage

In an auction, goods which are offered for sale which cannot be withdrawn are classified as

goods offered without reserve

The condition of an estate of a deceased person which is unable to pay the debts of the decedent and/or the estate is referred to as being

insolvent estate

The substitution of a new party in a contract for the original party who is to perform the contract is called?

novation

The person protected by insurance against property loss or damage is the:

policy holder

A funeral home's family car is considered a

private carrier

The Magnuson Moss Act is concerned with:

product warrantees

According to the FTC Funeral Rule, which of these is not a legal Alternative Price List for special groups?

specific ethnic groups

A contract made by a person who is intoxicated enough to be uncertain of the consequences at the time the contract is made is:

voidable