Quiz 19: Insurance and Risk Management

Surtaxes are charged on luxury items in some provinces.

A tort may be intentional or it may be caused by carelessness.

____law is written law including treaties of the federal government.

___ is a legal ability of a party to enter into agreements.

Telecommunications fall under the _____ jurisdiction.

____law governs the sales of goods or services for money.

Property is something for which a person or firm has the restricted right of possession or use .

The signature on the back of an instrument to transfer commercial paper is known as an endorsement.

Legal issues affect every part of business.

International law affects all parts of business.