1. Chapter 11 Vocab Review Game Mrs. Cartonia Business Law

2. Higher interest rates that loan companies and pawnbrokers may charge on loans up to $2000. A.Maximum Rate of InterestMaximum Rate of Interest B.Small Loan Rate of InterestSmall Loan Rate of Interest C.Legal Rate of InterestLegal Rate of Interest

3. Charging interest on a loan beyond the legally permitted maximum rate. A.UsuryUsury B.Legal Rate of InterestLegal Rate of Interest C.Resale Price MaintenanceResale Price Maintenance

4. A bet on the uncertain outcome of an event A.GamblingGambling B.Price FixingPrice Fixing C.WagerWager

5. Element of unconscionability shown in the terms of a contract A.Procedural UnconscionabilityProcedural Unconscionability B.Substantive UnconcscionabilitySubstantive Unconcscionability C.Contractual UnconscionabilityContractual Unconscionability

6. Competitors agreement to split market areas between themselves A.Market AllocationMarket Allocation B.Price FixingPrice Fixing C.Covenants not to CompeteCovenants not to Compete

7. Involves agreement with the following three parts: payment to participate, chance to win based on luck rather than skill, and a prize for one or more winner. A.UsuryUsury B.WagerWager C.GamblingGambling

8. License required to raise money A.Competency LicenseCompetency License B.Revenue LicenseRevenue License C.Profit LicenseProfit License

9. Manufacturer attempts to influence the retail price of its product or service A.Price FixingPrice Fixing B.Allocation of MarketsAllocation of Markets C.Resale Price MaintenanceResale Price Maintenance

10. Gross unfairness in how a contract is created A.Substantive UnconscionaliblitySubstantive Unconscionaliblity B.Procedural UnconscionabilityProcedural Unconscionability C.Contractual UnconscionabilityContractual Unconscionability

11. Accepting something of value for a promise not to inform on or prosecute a suspected criminal A.Compounding a CrimeCompounding a Crime B.Covenant not to competeCovenant not to compete C.Witness ProtectionWitness Protection

12. Competitors agree to charge the same amount for a product or service, thus injuring consumers A.Bid RiggingBid Rigging B.UsuryUsury C.Price FixingPrice Fixing

13. Competitors who bid on jobs agree that one bidder will have the lowest bid for a particular job A.Bid RiggingBid Rigging B.UsuryUsury C.Price FixingPrice Fixing

14. Rate specified by statute when interest is called for but no percentage is stated in the contract A.Maximum Rate of InterestMaximum Rate of Interest B.Legal Rate of InterestLegal Rate of Interest C.Small Loan Rate of InterestSmall Loan Rate of Interest

15. Grossly unfair contract for the sale of goods A.Unconscionable ContractUnconscionable Contract B.Procedural UnconscionabilityProcedural Unconscionability C.Divisible ContractDivisible Contract

16. State requirements for people in certain occupations and businesses to pass exams and receive a license A.Revenue LicenseRevenue License B.Competency LicenseCompetency License C.DBADBA

17. Agreements involving price fixing, market allocations, and terminated employees for the purpose of protecting a company’s interest A.Divisible ContractsDivisible Contracts B.Covenants not to CompeteCovenants not to Compete C.RestitutionRestitution

18. Contracts for which separate consideration is given for the legal and illegal parts. A.Indivisible ContractIndivisible Contract B.RestitutionRestitution C.Divisible ContractDivisible Contract

19. Rate of interest at which, by statute lenders may not exceed A.Maximum Rate of InterestMaximum Rate of Interest B.Legal Rate of InterestLegal Rate of Interest C.Small Loan Rate of InterestSmall Loan Rate of Interest

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