FBLA Business
Law 23-24 part 1
with correct
answers
2025/2026
. Consumer Protection, Product/Personal Liability - correct answers
. List and define the performance obligations of the seller and buyer in a typical sales
transaction. - correct answersa promised good or service is transferred to a customer.
Acquittal - correct answersAcquittal
A jury verdict that a criminal defendant is not guilty, or the finding of a judge that the evidence
is insufficient to support a conviction.
affidavit - correct answersaffidavit - A written statement of facts confirmed by the oath of the
party making it. Affidavits must be notarized or administered by an officer
Agency and Employment Law - correct answers
,Analyze contracts and company's position to assist management in labor contract negotiations
and monitor implementation of contract for compliance. - correct answersimplement contract
management software that tracks obligations and contract data in real-time
Appeal - correct answersAppeal - A request to a supervisory court, usually composed of a panel
of judges, to overturn the legal ruling of a lower court.
Apply "truth in advertising" and "government instituted laws" to promotion of a product of
service. - correct answersThe Federal Trade Commission (FTC
assult definition - correct answersmake a physical attack on.
can include 5 to 15 years in prison.
battery definition - correct answersa fortified emplacement for heavy guns.
charged as misdemeanors punishable by jail time and fines.
bribery definition - correct answersthe giving or offering of a bribe.
a felony and is punishable by two, three, or four years in state prison.
burglary definition - correct answersentry into a building illegally with intent to commit a crime,
especially theft.
it is punishable for five to 15 years in prison.
Business Organization - correct answers
Compare and contrast the different types of insurance - correct answersLife insurance will help
provide financially for your survivors.
, Health insurance protects you from catastrophic bills in case of a serious accident or illness.
Long-term disability protects you from an unexpected loss of income.
Auto insurance prevents you from bearing the financial burden of an expensive accident.
Compare/contrast insurance policies and coverage to determine advantages and disadvantages.
- correct answersInsurance coverage is the amount of risk, liability, or potential loss that is
protected by insurance.
complete legal documents with notarization is required - correct answersNotarization is the
official fraud-deterrent process that assures the parties of a transaction that a document is
authentic, and can be trusted. It
conservation - correct answersprevention of wasteful use of a resource.
to maintain or improve the land with a long-term vision for the future,
conspiracy definition - correct answersa secret plan by a group to do something unlawful or
harmful.
up to five years imprisonment in addition to fines.
Contracts and Sales - correct answers
convertion neglect - correct answerswhen a person without authority or permission
intentionally takes the personal property of another or deprives another of possession of
personal property.
defamation of character - correct answersa false statement of fact that causes the victim some
type of harm.
Law 23-24 part 1
with correct
answers
2025/2026
. Consumer Protection, Product/Personal Liability - correct answers
. List and define the performance obligations of the seller and buyer in a typical sales
transaction. - correct answersa promised good or service is transferred to a customer.
Acquittal - correct answersAcquittal
A jury verdict that a criminal defendant is not guilty, or the finding of a judge that the evidence
is insufficient to support a conviction.
affidavit - correct answersaffidavit - A written statement of facts confirmed by the oath of the
party making it. Affidavits must be notarized or administered by an officer
Agency and Employment Law - correct answers
,Analyze contracts and company's position to assist management in labor contract negotiations
and monitor implementation of contract for compliance. - correct answersimplement contract
management software that tracks obligations and contract data in real-time
Appeal - correct answersAppeal - A request to a supervisory court, usually composed of a panel
of judges, to overturn the legal ruling of a lower court.
Apply "truth in advertising" and "government instituted laws" to promotion of a product of
service. - correct answersThe Federal Trade Commission (FTC
assult definition - correct answersmake a physical attack on.
can include 5 to 15 years in prison.
battery definition - correct answersa fortified emplacement for heavy guns.
charged as misdemeanors punishable by jail time and fines.
bribery definition - correct answersthe giving or offering of a bribe.
a felony and is punishable by two, three, or four years in state prison.
burglary definition - correct answersentry into a building illegally with intent to commit a crime,
especially theft.
it is punishable for five to 15 years in prison.
Business Organization - correct answers
Compare and contrast the different types of insurance - correct answersLife insurance will help
provide financially for your survivors.
, Health insurance protects you from catastrophic bills in case of a serious accident or illness.
Long-term disability protects you from an unexpected loss of income.
Auto insurance prevents you from bearing the financial burden of an expensive accident.
Compare/contrast insurance policies and coverage to determine advantages and disadvantages.
- correct answersInsurance coverage is the amount of risk, liability, or potential loss that is
protected by insurance.
complete legal documents with notarization is required - correct answersNotarization is the
official fraud-deterrent process that assures the parties of a transaction that a document is
authentic, and can be trusted. It
conservation - correct answersprevention of wasteful use of a resource.
to maintain or improve the land with a long-term vision for the future,
conspiracy definition - correct answersa secret plan by a group to do something unlawful or
harmful.
up to five years imprisonment in addition to fines.
Contracts and Sales - correct answers
convertion neglect - correct answerswhen a person without authority or permission
intentionally takes the personal property of another or deprives another of possession of
personal property.
defamation of character - correct answersa false statement of fact that causes the victim some
type of harm.
