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. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






2. Judges must abide by precedents in thier jurisdictions.






3. A court will award money or other relief to a party injured by a breach of contract






4. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






5. 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.






6. The body of conventional - or written - law of a particular society at a particular point in time.






7. (accident - breach of contract - or other event) > Party consults with Attorney(Initial client interview - signing of retainer agreement) > Informal investigation > Plaintiffs attorney files complaint > Defendant attorney files answer to complaint or






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






9. An amendment to the Constitution of the United States guaranteeing the right of free expression






10. Statements made by the plaintiff and the defendant in a lawsuit that detail the facts - charges - and defenses involved in the litigation. The complaint and answer are part of the pleadings.






11. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)






12. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






13. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






14. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






15. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






16. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






17. 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






18. Previously decided cases that are as similar as possible to the one under consideration






19. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






20. The location where something takes place - esp. a trial






21. The preponderance of evidence which means more likely then not.






22. To be on the land of another without right or permission of the owner






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






24. Enforcable rules governing relationships among individuals and between individuals and thier society.






25. A claim filed in opposition to another claim in a legal action






26. 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






27. 1. Resident 2. (while within boundaries of state) 3. Long arm statue.






28. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






29. An ethical principle that holds that you should never take any action that infringes on others; agreed-upon rights






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






31. 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






32. State courts that handle only matters relating to the transfer of a person's assets and obligations after that person's death - including issues relating to custody and guardianship of children






33. Any source of law that a court must follow when deciding a case. This includes constitutions - statues - and regulations - that govern the issue being decided - as well as previous court decisions in the same jurisdiction.






34. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






35. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






36. A question asked to determine what is true or to what extent something is true






37. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






38. (law) the right and power to interpret and apply the law






39. Party who defends an appeal






40. A major provider of arbitration services






41. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






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






43. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






44. 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.






45. Authority shared by both federal and state courts






46. The courts that awarded compensation back in English Realm






47. (law) the initial questioning of a witness by the party that called the witness






48. 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






49. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






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