Business Law

Question 1

BBB

Answer 1

• non profit

- works with consumers and companies

Question 2

CPSC

Answer 2

• ensures products r safe for consumers

Question 3

FDA

Answer 3

Protects public health

Question 4

SEC

Answer 4

-enforcing security laws

Question 5

FTC

Answer 5

Consumer protection

Question 6

Consumer Bill or Rights

Answer 6

• Rights to safe products
• right to be informed
• right to choose
• right to be heard
• right to consumer education
• right to a healthy environment

Question 7

Implied warranty

Answer 7

-should do the most basic thing

Question 8

Buying as-is

Answer 8

• buy literally how the product is

- nothing u can do about if ‘bad”

Question 9

Fencing

Answer 9

Knowingly receiving stolen property

Question 10

Forgery

Answer 10

• falsely altering writing

- legal if u have the persons permission ☺️

Question 11

Conspiracy

Answer 11

• 2 or more people agreeing to commit w crime

Question 12

Crime

Answer 12

Offense against society

Question 13

3 elements of a crime

Answer 13

• duty exits
• violation of duty
• criminal intent

Question 14

If ur under 7 do u have the legal mental capacity to commit a crime??

Answer 14

Noppeeeeee

Question 15

If ur between the ages of 7-17 do u have the legal mental capacity to commit a crime??

Answer 15

Only if the interrogator believes u know right from wrong

Question 16

3 classifications of a crime

Answer 16

• Felony
• misdemeanor
• infraction

Question 17

Felony

Answer 17

Be in a

• state prison
• fine over $1,000

Question 18

Misdemeanor

Answer 18

• county prison

- less then a $1,000 fine

Question 19

Infraction

Answer 19

Only fined

Question 20

Assault

Answer 20

Believable threats

Question 21

Battery

Answer 21

Touching someone in a dangerous way

Question 22

Aggravated [battery]

Answer 22

Done with a weapon

Question 23

Theft

Answer 23

Taking of an item that isn’t yours

Question 24

Robbery

Answer 24

Taking with force involved

Question 25

Burglary

Answer 25

Breaks and tries to steal (but doesn't)

Question 26

Arson

Answer 26

Illegal burning

Question 27

Extortion

Answer 27

Person with power demanding something

Question 28

Accomplice

Answer 28

Someone who helps the person commiting the crime

Question 29

Silence is _______ an acceptance to a deal (legally)

Answer 29

Not

Question 30

What must there be to have a tort??

Answer 30

-personal injury •mental • financial • physical

Question 31

When r kids held responsible for their actions??

Answer 31

- give kids an instrument (to commit the crime) - vandalism - kids who continue with dangerous acts

Question 32

Slander

Answer 32

Spoken

Question 33

Libel

Answer 33

Written

Question 34

What can u be charged with if there is unnecessary publicly Or personal matters being exploited??

Answer 34

Compensatory damages

Question 35

Most common tort??

Answer 35

Negligence - no intent needed - causes injury

Question 36

Contract

Answer 36

- 2 or more people make an agreement

Question 37

2 types of contracts

Answer 37

- express -> written/oral | - implied -> contract formed by actions

Question 38

2 parts of a mutual asset

Answer 38

- be in agreement | - both fully understanding of agreements

Question 39

3 qualifications of a competent party

Answer 39

- age 18 - not insane or under the influence - not a convict or illegal citizen

Question 40

Voidable contract

Answer 40

Can be cancelled by 1 party

Question 41

Example of an unenforceable contract

Answer 41

- dead person

Question 42

Ex of a defective agreement

Answer 42

-misinterpretation

Question 43

Oral is legal only if it's

Answer 43

Under $500

Question 44

EPA

Answer 44

Protect human health and environment

Question 45

Injunction

Answer 45

Stops

Question 46

Compensatory damages

Answer 46

$ to bring back prior to incident

Question 47

Punitive damages

Answer 47

Punishing the defendant