Who founded Tesla Motors and Space X
Elon Musk
What is a loan
What is an amount of money that is given to someone for a period of time with a promise that it will be paid back : an amount of money that is borrowed (answer could vary)
Define partnership and give and example of a business labeled as such
What is a business that is owned by two or more people Law firm, hair salon etc
Define a contract and give an example
What is a legally binding agreement Phone bill, car loan etc.
Who created the first self sustainable capsule to hold vaccines as they were distributed in third world countries
Bill Gates
What is the word for an amount of money that is given by a school, an organization, etc., to a student to help pay for the student's education and what is the name of the app created to help students find it from the shark tank video we watched
scholarship
What is the word to describe the owner of a business, or a holder of property
What is a proprietor
Who can enter into a contract
What is anyone over the age of 18 years old
Who dropped out of college to later be fired from the company he founded
Steve Jobs
If you borrow $100,000 with an interest rate of 5.0% what will be the amount of your first years payment
What is $5,000
Name one invention you believe changed the world and explain why
Mr. Satink's discretion
Define Mortgage and state what it is used for
What is a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years (a house or property)
Define patent
What is a right, conferred by a government, to the exclusive right to the use of an invention
Must a contract be in writing? why or why not
No it doesn't necessarily need to be written
What is an antonym for subjective
Objective
If you borrow $40,000 and the interest rate is 7.0% how much will you owe in the first year
What is $2,800
What word is used to describe the legal right to be the only one to reproduce, publish, and sell the contents and form of a literary or artistic work
What is copyright
Must a lawyer write a contract?
No anyone can write one