
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979 Exercise 3
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. champerty
b. exculpatory clause
c. franchisor
d. gambling agreement
e. government-granted franchise
f. interest
g. monopoly power
h. restraint of trade
i. unlicensed transaction
j. usury
An agreement with a person who is required to have, but lacks, the approval of the state to practice his or her business, profession, or occupation.
a. champerty
b. exculpatory clause
c. franchisor
d. gambling agreement
e. government-granted franchise
f. interest
g. monopoly power
h. restraint of trade
i. unlicensed transaction
j. usury
An agreement with a person who is required to have, but lacks, the approval of the state to practice his or her business, profession, or occupation.
Explanation
Unlicensed Transaction:
There are laws ...
Essentials of Business Law 7th Edition by Anthony Liuzzo
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