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Chapter 9 Semester Exam

Chapter 9 Semester Exam. Jaylen L. Smith And Cameron Mulligan. Legality Section 9.1 Vocabulary. Conspiracy: individuals who agree to commit crimes for a promised consideration Interest: the fee the borrower pays to the lender for loans by statute.

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Chapter 9 Semester Exam

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  1. Chapter 9 Semester Exam Jaylen L. Smith And Cameron Mulligan

  2. Legality Section 9.1 Vocabulary Conspiracy: individuals who agree to commit crimes for a promised consideration Interest: the fee the borrower pays to the lender for loans by statute. Usury: charging more than the maximum legal interest rate . Lottery: a game that consists of drawing lots. License: a legal document stating that the holder has permission from the proper authorities to carry on a certain trade or profession.

  3. Legality Section 9.2 Vocabulary Restraint of Trade: a limitation on the full exercise of doing business with others Restrictive Covenant: a promise not to compete, and will be upheld by a court if it is reasonable in time and geographic location. Price Fixing: occurs when competitors agree on certain price ranges within which to set their prices. Competitive Bidding: laws often require governments to construct public works or buy goods and services.

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