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11 Cards in this Set
- Front
- Back
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Lottery
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a game involving the element of preize chance and consideration
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wager
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bet on the uncertain out come of an event
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compounding a crime
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accepting something of value for promise not to inform on or presecute a suspected criminal
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competency license
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states requierment for people in certain occupation and businesses to pass exams and receive a license
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revenue license
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required license imposed by governments on certain occupations for the sole purpose of raising money
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antitrust laws
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laws that prohibit competing companies from price fixing or dividin up sells regions
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price fixing
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competitors agree to change the same amount for a product or service
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big rigging
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competitors agreement that one will have the lowest bid for a particular jobs
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unconscionable
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term of contract that under the ucc is grossly unfair and oppressive
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statue of frauds
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laws stating that certain agreements are not enforcable in court
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parol evidence
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rule is a substantive common law rule in contract cases that prevents a party to a written contract from presenting extrinsicevidence that discloses an ambiguity and clarifies it or adds to the written terms of the contract that appears to be whole
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