Review Quiz Flashcards
1
Q
OSHA, FTC and TFSC are examples of _______ agencies.
A
Administrative
2
Q
An agreement between two or more competent persons (parties) that is enforceable by law is the definition of a/an:
A
Contract
3
Q
Laws enacted by cities or towns are called
A
Ordinances
4
Q
A funeral home is considered a ____ carrier.
A
Private
5
Q
The person making an offer is called the:
A
Offer or
6
Q
The person who executes a promise to pay is the:
A
Maker
7
Q
Property, money, forbearance and performance can all serve as ________ in a contract.
A
Consideration
8
Q
The party to whom the assignment is made is known as the:
A
Assigned
9
Q
Charging a higher interest rate than the maximum set by law is called:
A
Usary
10
Q
“You mow my yard and I will pay you $25” is an example of a/an _________ contract.
A
Unilateral
