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BUSINESS LAW FBLA TEST ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

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BUSINESS LAW FBLA TEST ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Acceptance - Answer -The second party's unqualified willingness to go along with the first party's proposal Accord and Satisfaction - Answer -A legal way to settle contractual disputes by which one party agrees to accept less than the amount due as full payment Actual Authority - Answer -The real power a principal gives to an agent Actual Notice - Answer -A formal notice given directly to a party, usually using certified mail with a receipt Adhesion contract - Answer -A take-it-or-leave-it offer made by a party who holds most of the power in a bargaining session Administrative Law - Answer -The body of rules created by government agencies

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