Fbla Business Law
with correct answers
20225/2026
Absolute Liability - correct answersfull legal responsibility for damages or for an injury, without
the need for proof and regardless of the degree of negligence or fault.
antitrust laws - correct answersThis law prohibits conspiracies that unreasonably restrain trade.
Attorney - correct answersadmitted to practicing law by jurisdiction
bill of lading - correct answersa legal contract that defines responsibility for goods while they
are in transit
breach of contract - correct answerswhen one party to the contract doesn't do what they
agreed. award of damages, specific performance, rescission, andrestitution.
business expansions - correct answersmerger is partnerships. acquisitions is sell part of
company. tender offer is open invitation. market penetration is appealing to customers.
conglomerate is different industriesin different areas
Business Law - correct answersdetermines establishment and regulations of businesses and
corporate entities.
, Civil Law - correct answersLaws pertaining to people, relationships, or possessions. pleading,
discovery, trial, verdict, appeal.
conservation - correct answersProtecting and preserving natural resources and the
environment. dont damage or make specices go extinct.
contract elements - correct answersoffer, acceptance, awareness, consideration, capacity,
contract minor rights - correct answersA minor has the right to cancel a contract by asking the
court to void it or by pleading the defense of lack of contractual capacity after being sued.
contract steps - correct answersdefine all parties, offer, mutual aggreement, valueexchanged for
offer, competence of party
contracts - correct answersthey formalize agreements between parties, setting out terms and
responsibilities
corprate officers and board directrs - correct answerscorporate officers These individuals are the
top-level managers directly responsible for managing corporate activities daily. board directors
sets broad policies and makes important decisions as a fiduciary on behalf of the company and
its shareholders.
Court of appeals - correct answers13 circuits, 12 regional and 1 federal, appealed from district
courts
crime vs tort - correct answerscrime affects society. tort affects specific individual.
Criminal Law - correct answerslaws concerned with crime and puishment of criminals. Appear
on court, bail bond, seek lawyer, court dates, trial, sentencing or release.
with correct answers
20225/2026
Absolute Liability - correct answersfull legal responsibility for damages or for an injury, without
the need for proof and regardless of the degree of negligence or fault.
antitrust laws - correct answersThis law prohibits conspiracies that unreasonably restrain trade.
Attorney - correct answersadmitted to practicing law by jurisdiction
bill of lading - correct answersa legal contract that defines responsibility for goods while they
are in transit
breach of contract - correct answerswhen one party to the contract doesn't do what they
agreed. award of damages, specific performance, rescission, andrestitution.
business expansions - correct answersmerger is partnerships. acquisitions is sell part of
company. tender offer is open invitation. market penetration is appealing to customers.
conglomerate is different industriesin different areas
Business Law - correct answersdetermines establishment and regulations of businesses and
corporate entities.
, Civil Law - correct answersLaws pertaining to people, relationships, or possessions. pleading,
discovery, trial, verdict, appeal.
conservation - correct answersProtecting and preserving natural resources and the
environment. dont damage or make specices go extinct.
contract elements - correct answersoffer, acceptance, awareness, consideration, capacity,
contract minor rights - correct answersA minor has the right to cancel a contract by asking the
court to void it or by pleading the defense of lack of contractual capacity after being sued.
contract steps - correct answersdefine all parties, offer, mutual aggreement, valueexchanged for
offer, competence of party
contracts - correct answersthey formalize agreements between parties, setting out terms and
responsibilities
corprate officers and board directrs - correct answerscorporate officers These individuals are the
top-level managers directly responsible for managing corporate activities daily. board directors
sets broad policies and makes important decisions as a fiduciary on behalf of the company and
its shareholders.
Court of appeals - correct answers13 circuits, 12 regional and 1 federal, appealed from district
courts
crime vs tort - correct answerscrime affects society. tort affects specific individual.
Criminal Law - correct answerslaws concerned with crime and puishment of criminals. Appear
on court, bail bond, seek lawyer, court dates, trial, sentencing or release.
