FBLA Business Law Practice Test questions and answers
A+ Grade
the person who authorizes another in an agency relationship
- correct answer principal
A disadvantage of corporations
- correct answer Taxation
the act of taking work created by someone else from the Internet and using it as one's own.
- correct answer Plagiarizing
Which of the following is not given in mutual consideration?
a. a promise
b. an act
c. forbearance
d. a gift
- correct answer a gift
Which of the following is not one of the major requirements for a contract?
a. capacity
b. time
c. genuine agreement
d. consideration
- correct answer time
the right the buyer loses in a COD transaction
- correct answer the right to inspect the goods before payment
A+ Grade
the person who authorizes another in an agency relationship
- correct answer principal
A disadvantage of corporations
- correct answer Taxation
the act of taking work created by someone else from the Internet and using it as one's own.
- correct answer Plagiarizing
Which of the following is not given in mutual consideration?
a. a promise
b. an act
c. forbearance
d. a gift
- correct answer a gift
Which of the following is not one of the major requirements for a contract?
a. capacity
b. time
c. genuine agreement
d. consideration
- correct answer time
the right the buyer loses in a COD transaction
- correct answer the right to inspect the goods before payment
