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10 Cards in this Set
- Front
- Back
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Lottery
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game involving the three elements of prize, chance , and consideration .
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Wager
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Bet on the uncertain outcome of an event.
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Compounding a crime
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accepting something of rave for a promise not to inform on or prosecute a suspected criminal .
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Competency license
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state requirement for people in certain occupations and businesses to pass exams and receive license.
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Revenue license
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required license imposed by governments an certain occupations for the sole purpose of raising money.
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Antitrust laws
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suppliers produces best goods and services for the lowest price.
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Price fixing
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A crime under federal law .
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Bid rigging
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form of price fixing
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Unconscionable
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grossly unfair that parties under ordinary circumstances would not accept it.
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Statue of Frauds
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are determined in most states by a law entitled.
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