International Business
The World Trade Organization was created by the....
GATT
An individual would be harmed by libel if __________
something has been printed
Civil violation of a trademark or a patent is termed __________.
infringement
The Second Amendment protects the right to possess.....
guns
Another name for the mailbox rule is the __________
deposited acceptance rule
Contracts that restrain trade are
illegal
The negligence of professionals is called
malpractice
Many advertisers have been required to pay damages to individuals after using their pictures, without authorization, to promote products. In such situations, which tort did these advertisers commit?
Invasion of privacy
Which of the freedoms was addressed in the case of Burwell v. Hobby Lobby Stores, Incorporated?
Religion
Madison promises Grace $10 if Grace collects Madison’s dry cleaning. This is an example of a(n) __________ contract.
unilateral
What does FOB stand for
Free on BOard
__________ occurs when an employee appropriates funds of their employer to their own use.
embezzlement
If an offeror retracts an offer before acceptance, termination by __________ has occurred.
revocation
Limits are placed on a state’s regulatory powers regarding business by which section of the U.S. Constitution?
Commerce Clause
If a party has not completed full performance of a contract but has also not committed a breach due to nonperformance, the party has most likely completed __________.
substantial performance
To conduct business in most foreign countries, many multinational corporations create a __________ in the host country instead of designating a national of the host country as the legal representative.
foreign subsidiary
Antonio and Fred are playing soccer when Fred accidentally kicks Antonio's shin. Antonio is seriously injured and is unable to play for at least six months. If Antonio sues Fred, which of the following defenses is Fred most likely to use?
assumption of risk
To enter another’s land without consent or to remain there after being asked to leave constitutes the tort of __________.
trespass
The __________ to the U.S. Constitution reinforces federalism by reserving some powers to the states and to the people.
10th Amendment
Under a deed of trust, a third party who holds the full legal ownership to a land is called a __________.
trustee
What does WTO stand for?
World Trade Organization
Not more than __________ of the Equal Employment Opportunity Commission may be of the same political party.
3
Goods that are identical are known as a(n) __________.
fungible
Under the __________, courts may be called upon to decide if a state law is invalid because it conflicts with a federal law.
supremacy
A quitclaim deed makes which of the following guarantees
That the grantor surrenders all claim against the land.