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. Jurisdiction based on claims against property






2. Wrongs






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






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






5. Right to a trial by jury






6. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






7. 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






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






9. 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






10. Right to bear arms






11. (law) evidence sufficient to warrant an arrest or search and seizure






12. Liability without fault. (Strict product liability)






13. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






14. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






15. Evidence tending to make a fact at issue in the case more or less probable than it would be without the evidence. Only relevant evidence is admissible in court.






16. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






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






18. The body of rules and regulations and orders and decisions created by administrative agencies of government






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






20. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






21. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






22. Economic model that compares the marginal costs and marginal benefits of a decision






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






24. Contracts - Sales - Negotiable instruments - creditos rights - intellectual property - e-commerce - product liability - torts - agency - business organizations - professional liability - courts and court procedures.






25. A defendant's answer or plea denying the truth of the charges against him






26. 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






27. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






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






29. (civil law) a law established by following earlier judicial decisions






30. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






31. Judges must abide by precedents in thier jurisdictions.






32. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






33. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






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






35. 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






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






37. 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






38. 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.






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






40. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






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






42. Drawing a comparison in order to show a similarity in some respect






43. Set of books containing published court decisions






44. To confirm priestly authority upon






45. 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






46. Occurs when one party to a contract is not given full or accurate information by the other party about the contract subject matter - Intentional misrepresentation of material fact - reasonably relied on by plaintiff resulting in damages






47. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






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






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






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