These 5 elements are needed for an enforceable contract
What is offer, acceptance, consideration, capacity, legality
100
This form of business structure is most common in the United States
What is a sole proprietorship
100
A juridical concept which refers to creations of the mind for which exclusive rights are recognized
What is an Intellectual Property
100
The threat of bodily harm
What is assault
100
What are the types of law
What is Common Law, Statutory Law and Constitutional Law
200
This is an agreement where two parities make a promise to each other
What is a bilateral contract
200
This form of business structure is created when two or more people enter into business together
What is a partnership
200
Any word, name, symbol, or device or any combination thereof adopted or used by some entity to identify their goods and distinguish them from those manufactured or sold by others
What is a trademark
200
The unlawful touching of another person without justification or excuse
What is battery
200
Refers to the body of laws, rules and regulations that are developed, adopted and enforced by government units
What is Administrative Law
300
This is an agreement where only one party makes a promise
What is a unilateral contract
300
This structure provides greater flexibility in management of the business and has less restrictive ownership requirements
What is a LLC (Limited Liability Corporation)
300
A permit given by the trademark owner that allows another entity to associate their business or product with the name goodwill, logos, symbols, emblems and designs of the trademark owner
What is a licensing
300
The communication of false statements that hinders a persons reputation
What is defamation
300
The court's authority to hear and decide a certain case.
What is jurisdiction
400
This legal remedy is awarded to compensate the non breaching party
What is compensatory damages
400
This corporation gets its name because the tax rate is found in sub-chapter "C" of the internal revenue code
What is a C Corporation
400
What do intellectual properties do
What is protection of your business
400
An alternate term sometimes used to describe when one team attempts to lure a player who is clearly under contract to another team
What is tampering
400
"No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury"
What is The Fifth Amendment
500
This set of laws applies to the sale of goods
What is UCC (Uniform Commercial Code)
500
In order to be eligible for S Corporation status what do you need
What is fewer than 75 shareholders, non-resident aliens and one class of stock
500
Name all seven types of Intellectual Properties
What is copyright, patent, trademark, domain name, trade secret, trade name and trade dress
500
What are the five parts you need to know when dealing with torts
What is intentional, negligence, strict liability, defense and remedies
500
"The right of the people to be secure in their persons, houses, papers and effects against unreasonable search and seizures"