Business Law FBLA 2025 EXAM QUESTIONS AND
VERIFIED SOLUTIONS |ELABORATED &DETAILED
ANSWERS!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
When a corporate director or officer buys or sells shares in a corporation
based on firsthand about the corporation that is not available to the public
Choose an answer
1 Acceptance 2 Appellate Court
3 Insider Tradiing 4 Adhesion contract
Don't know?
Terms in this set (129)
, The second party's unqualified willingness to go
Acceptance
along with the first party's proposal
A legal way to settle contractual disputes by which
Accord and Satisfaction one party agrees to accept less than the amount due
as full payment
Actual Authority The real power a principal gives to an agent
A formal notice given directly to a party, usually using
Actual Notice
certified mail with a receipt
A take-it-or-leave-it offer made by a party who holds
Adhesion contract
most of the power in a bargaining session
Administrative Law The body of rules created by government agencies
A type of working relationship in which one person
Agency represents another person in a business transaction
with a third party
When the principal's actions lead the third party to
Agency by Estoppel believe that the agent is working for the principal
(appointed but not officially)
Agent The person who has been authorized to do the work
Parties try to resolve disagreements outside of the
Alternative Dispute
usual court system, by mediation, arbitration,
Resolution
conciliation, and negotiation
Annual Percentage Rate The true interest rate of a loan
(APR)
Authority that a 3rd party believes an agent has while
Apparent Authority
acting on behalf of the principal
The U.S. courts of appeals in federal system; hears
Appellate Court
appeals and reviews cases from the lower courts
A formal hearing during which the defendant is read
Arraignment the indictment or info and is asked to plead guilty or
not guilty
VERIFIED SOLUTIONS |ELABORATED &DETAILED
ANSWERS!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
When a corporate director or officer buys or sells shares in a corporation
based on firsthand about the corporation that is not available to the public
Choose an answer
1 Acceptance 2 Appellate Court
3 Insider Tradiing 4 Adhesion contract
Don't know?
Terms in this set (129)
, The second party's unqualified willingness to go
Acceptance
along with the first party's proposal
A legal way to settle contractual disputes by which
Accord and Satisfaction one party agrees to accept less than the amount due
as full payment
Actual Authority The real power a principal gives to an agent
A formal notice given directly to a party, usually using
Actual Notice
certified mail with a receipt
A take-it-or-leave-it offer made by a party who holds
Adhesion contract
most of the power in a bargaining session
Administrative Law The body of rules created by government agencies
A type of working relationship in which one person
Agency represents another person in a business transaction
with a third party
When the principal's actions lead the third party to
Agency by Estoppel believe that the agent is working for the principal
(appointed but not officially)
Agent The person who has been authorized to do the work
Parties try to resolve disagreements outside of the
Alternative Dispute
usual court system, by mediation, arbitration,
Resolution
conciliation, and negotiation
Annual Percentage Rate The true interest rate of a loan
(APR)
Authority that a 3rd party believes an agent has while
Apparent Authority
acting on behalf of the principal
The U.S. courts of appeals in federal system; hears
Appellate Court
appeals and reviews cases from the lower courts
A formal hearing during which the defendant is read
Arraignment the indictment or info and is asked to plead guilty or
not guilty
