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FBLA Business Law Test 2
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FBLA Business Law Test 2
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25 Questions

1. ______________ is a court order requiring the other party to do what he or she has agreed to do.
2. The Equal Credit Opportunity Act makes it illegal for banks to discriminate against credit applicants because of their __________.
3. The willful or malicious causing of damage to property is known as __________.
4. A will can be changed by making a new will or by adding a __________.
5. If you rely on the seller's knowledge and advice in selecting the goods, the warranty that occurs is a(n) __________.
6. If your credit card is stolen, you are responsible for __________.
7. When a landlord deprives the tenant of heat or electricity, it is called a(n) __________.
8. In 1890, Congress passed the __________ Act, which declared monopolies to be illegal.
9. Rules and procedures established by the regulatory agencies are known as __________.
10. The illegal advertising practice of trying to sell a customer a more expensive item than the one advertised is called __________.
11. Under the Fair Debt Collection Practices Act, it is illegal for debt collectors to __________.
12. When a contract can be understood in different ways, it is said to be:
13. Laws that control the work that children may do are called _____________ laws.
14. A wrongful act that injures another's reputation by making false statements is called __________.
15. If you are injured by a hit-and-run driver, you would be protected by __________.
16. 'For Deposit Only is a ___________ endorsement.
17. The cooling-off rule gives you three business days to cancel a contract made with a(n) __________.
18. The legal term for false statements made under oath is __________.
19. A free agreement is also called a(n) __________ agreement.
20. A premarital agreement must be __________.
21. ___________ are the terms used to describe a situation in which one contract is substituted for another.
22. ____________ are corporate directors or officers who have information about a publicly traded corporation that is not available to the public.
23. An allowance made to a divorced person by a former spouse for support and maintenance is called __________.
24. The fee the borrower pays to the lender for using money is called __________.
25. __________ means acting in the best interests of the principal.

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