If a Company in the United States Allows a Company

question 51

Multiple Choice

If a company in the United States allows a company in England to use its brand name for a fee, the company is said to have entered into a(n) ________.

• A) license agreement
• B) direct investing agreement
• C) venture agreement
• D) export agreement
• E) import agreement

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Definitions:

Federal Judiciary

The branch of the United States government responsible for interpreting the law, consisting of the Supreme Court and lower federal courts.

Executive Branch

The branch of government responsible for implementing, supporting, and enforcing the laws made by the legislative branch and interpreted by the judiciary.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Equity Court

A type of court that decides cases based on fairness and moral principles, rather than strict adherence to statutory laws.