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. 1066 in Britain - King William implemented this uniform legal system. He sent judges out to make rulings on cases - thus creating precedents. 1225 - the signing of the Magna Carta established the rule of law in England






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






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






4. A common law writ issued by a superior court to one of inferior jurisdiction demanding the record of a particular case






5. Law concerned with public wrongs against society






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






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






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






9. 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.






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






11. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






12. Specific length of time an individual can sue for injury resulting from negligence






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






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






15. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






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






17. 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.






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






19. 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






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






21. 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






22. 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.






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






24. Highest official of a monarch. Granted new an unique remedies.






25. 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






26. 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.






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






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






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






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






31. 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.






32. The reasoning process used by judges in deciding what law applies to a given dispute and then applying that law to the specific facts or circumstances of the case






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






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. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






36. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






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






38. Party who defends an appeal






39. 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.






40. 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






41. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






42. 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.






43. 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






44. Rules governing the admissibility of evidence in trial courts.






45. The clause in the Constitution (Article I - Section 8 - Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.






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






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






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






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






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