The law that specifies the length of time for bringing a legal action is the _________.
Statute of Reasonable Time
Statute of Limitations
Statute of Performance
Most contracts end by _____________.
Agreement
Operation of law
Performance
A person who has not reached the legal age of adulthood is considered by law to be a _____.
Minor
Adolescent
Delinquent
A contract that contains a promise by both parties is __________.
Implied
Unilateral
Bilateral
The element of negligence that states the defendant did not fulfill an obligation is called
Breach of Duty
Strict Liability
Proximate Cause
Which of the following types of intellectual property is valid for up to 20 years and can not be renewed?
Patent
Copyright
Trademark
Richard builds a storage shed in his back yard that has a cement base. The walls of the shed are attached to the base. The shed is:
Tangible personal property
Real property because it’s attached to the land
Personal property unless Richard notifies the city where he resides that he wants the shed to be considered real property.
