Business Law

Property, Agent & Tort Laws

Basic Types of Law

Legal Contracts

BONUS: Points Worth Double!!

100

The little tiny "R" in the corner of a company logo protects its name and identifying symbol. What is this called?

Registered Trademark

100

Before an idea becomes a law, it's referred to as a ____.

Bill

100

A contract is an agreement between two parties that creates an __________.

a) Enrollment

b) Obligation

c) Honor code

Obligation!

100

Across the country, the average hourly wage for a lawyer is around $80.00. However, the TOP attorneys have reported charging:

a) $550 / hr

b) $1,500 / hr

c) $375 / hr

b) $1,500 / hr

200

Johnny made a movie. By law, his brother Ted cannot take credit for this movie and profit off of his work. Which type of law protects Johnny's original work?

a) Copyright

b) Trademark

c) Patent

200

Local laws are usually called what?

a) Ratifications

b) Proposals

c) Ordinances

Ordinances

200

Name a reason why you would use a contract for business dealings.

Makes sure all parties understand their responsibilities and hold up their end of the deal.

200

In Minnesota, it is illegal for a woman to:

a) Buy liquor on Saturdays

b) Cut her hair without her husband's permission

c) Flush the toilet after 10:00PM

b) Cut her hair without her husband's permission

300

The type of law that protects new inventions and ideas is a ______.

Patent

300

This type of law wasn't a law until something happened that made it a law.

Precedent

300

Technically, a company can charge you for a subscription if you told them you would buy it. This is because ____ contracts are legally enforceable even if you never signed anything.

Oral

300

The first woman in U.S. history to become a lawyer was an Iowan named Arabella Mansfield. She had to sue the State Bar of Iowa because...

a) Her wasn't treated fairly in college

b) She wasn't allowed to take the BAR exam

c) No one would hire her

b) She wasn't allowed to take the BAR exam

400

Describe Power of Attorney

Giving an agent legal permission to act on your behalf.

400

The law that states you cannot purchase tobacco if you are under 21 was written and passed by a legislature. It's a directive not to do something. This makes it a _________ law.

Statutory Law

400

The expectation to be paid in American money instead of Canadian money is part of an ______ contract. It's not written down anywhere, but generally understood.

Implied

400

This state was voted as "most reasonable and fair" for litigation proceedings:

a) Florida

b) New Jersey

c) South Dakota

500

Under the law of Eminent Domain, the government can seize private property for public use ONLY IF...

Something of fair value is given in return (money, medical care, food, education benefits)

500

People who want to challenge state laws must go to a _____ court since they have jurisdiction over these cases.

State Trial Court

500

Why can't a contract that involves money laundering be enforceable?

Illegal acts are not enforceable by a court of law

500

In the state of Alaska, it is illegal to:

a) Shower naked

b) Idle your car in your own driveway

c) Eat a neighbor's baby