Test your basic knowledge |

Business Law Test

Subjects : law, business-law
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The process by which the parties in a dispute submit their difference to the judgment of an impartial person or group appointed by mutual consent






2. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






3. Right to bear arms






4. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






5. The First Amendment guarantee that the government will not create and support an official state church






6. The publication of false information about another's product - alleging that it is not what its seller claims.






7. The act of changing location from one place to another






8. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






9. If the injured party can be made whole by receiving something of economic value - the remedy is a legal remedy [damages] - if a remedy at law is inadequate - a litigant may seek a remedy in equity - which involves notions of fair dealing and justice






10. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






11. Set of books containing published court decisions






12. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do






13. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






14. A body of rulings made by judges that become part of a nation's legal system






15. A brief outline of what the defendant and the plaintiff will try to prove.






16. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






17. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.






18. An order to appear in person at a given place and time






19. Ethical or unethical behaviors by employees in the context of their jobs






20. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






21. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






22. A major provider of arbitration services






23. A form of alternative dispute resolution in which a neutral third party evaluates the strengths and weakness of the disputing parties' positions; the evaluator's opinion forms the basis for negotiating a settlement.






24. The publication of a statement that denies or casts doubt on another's legal ownership of any property - causing financial loss to that property's owner.






25. Private proceeding in which each party to a dispute argues its position before the other side - and vice versa. A neutral third party may be present and act as an adviser if the parties fail to reach an agreement






26. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






27. Someone who petitions a court for redress of a grievance or recovery of a right






28. The rules governing the manner in which civil cases are brough in and progress through the federal courts






29. Protects you from unreasonable search and seizure of your home and property






30. Propositions or general statements of equitable rules






31. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






32. When the matter is between private parties the constitution laws do not apply. Between individuals and government organizations then constitutional laws apply.






33. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






34. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






35. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






36. A system of government in which the states form a union and the sovereign power is divided between the central government and the member states






37. A school of legal thought that views the law as a tool for promoting justice in society.






38. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






39. Need a set of laws so that commerce is possible; can't have different laws in every state for business. Uniform Commercial Code. Uniform Partnernship Act. Most states adopt them but not in the exact same form






40. Law concerned with public wrongs against society






41. Three remedies known as land - items of value - or money






42. 1. Federal statute 2. Constitution(U.S.) 3. Diversity of Citizenship($75 -000 or more)






43. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






44. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






45. A statement of fundamental rights and privileges (especially the first ten amendments to the United States Constitution)






46. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






47. The act of delivering a writ or summons upon someone






48. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






49. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






50. A legal proceeding in a court