Business Law

Providing Knowledge

  • Business Law (Chapters 22 & 23)

    Question 1 5 / 5 pts All of the following are essential to negotiable commercial paper EXCEPT the fact that it must be: 42226 on forms provided by a bank. 47570 payable on demand or at a definite time. 16515 in writing and signed by the maker or drawer. 21106 payable to order, to bearer, […]

  • Business Law (Chapters 21)

    Question 1 5 / 5 pts The most common type of bankruptcy filed by individuals and businesses is Chapter 7. True False Question 2 5 / 5 pts A record of bankruptcy may remain on one’s record for up to: 5 years. 10 years. 3 years. 7 years. Question 3 5 / 5 pts Bankruptcy […]

  • Business Law (Chapters 19 & 20)

    Question 1 2 / 2 pts A principal is not responsible to third parties for all agreements made by the agent on behalf of the principal even if the agent acted within the scope of his or her authority. True Correct! False Question 2 2 / 2 pts A person who is delegated the authority […]

  • Business Law (Chapters 17 & 18)

    Move To… This element is a more accessible alternative to drag & drop reordering. Question 1 2 / 2 pts According to the UCC, a sale is: 62213 a payment for goods. 54231 a negotiated transaction. Correct! 45924 the passing of title from the seller to the buyer for a price. 35593 a void transaction. […]

  • Business Law (Chapters 16)

    Question 1 5 / 5 pts A receipt for goods that are to be shipped is known as a: 49691 warehouse receipt. 23617 bill of purchase. 11607 bill of sale. 6289 bill of lading. Move To… This element is a more accessible alternative to drag & drop reordering. Question 2 5 / 5 pts Legal […]

  • Business Law (Chapters 14 & 15)

    Move To… This element is a more accessible alternative to drag & drop reordering. Question 1 2 / 2 pts In a private-service contract, the party who hires the specific person to perform certain duties has a(n) ____________interest in having only the hired person perform. 25335 explicit 51026 reasonable 60251 substantial 18641 implied Move To… […]