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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. 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.






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






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






4. Claims






5. A clause in a contract providing for arbitration of disputes arising under the contract






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






7. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement






8. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






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






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






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






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






14. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system






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






16. Propositions or general statements of equitable rules






17. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






18. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






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






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






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






22. 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.






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






24. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






25. Right to a trial by jury






26. Right to bear arms






27. 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.






28. 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.






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






30. The body of laws created by legislative statutes






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






32. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






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






34. 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.






35. Relieve you of some liability when reasonable care is used






36. 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






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






38. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






39. Is strict liability hold a claim if the product or service in question is...






40. 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






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






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






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






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






45. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






46. On the premises fr the potential financial benefit of the occupier






47. 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






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






49. Negate the claim of negligence(assumption of risk - superceding intervening clause)






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