business law Collin College -Business Law Flashcards fully solved

business law Collin College -Business Law Flashcards fully solvedAdministrative Agencies - correct answer commissions or boards that have the power to regulate particular matters or implement laws Antitrust Laws - correct answer laws designed to prevent an individual, corporation, or other group from controlling too large a share of the market for a product Balloon Payment - correct answer payment more than twice the normal installment payments Bearer - correct answer payee of the instrument made payable to whomever is in possession Acceleration Clause - correct answer clause allowing entire principle to be due Carrier - correct answer transporter of goods, people, or both Certificate of Deposit - correct answer an acknowledgement by a bank of a receipt of money with an engagement to repay Check - correct answer a draft payable on demand and drawn on a bank Common Law - correct answer law based upon prior decisions of the judiciary Compensatory Damages - correct answer amount equal to the loss sustained Cosignor - correct answer is a person who is guarantor of the contract, especially a promissory note Damages - correct answer sum of money a wrongdoer must pay to an injured party