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






2. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






3. Torts committed via the internet






4. 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






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






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






7. 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.






8. 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.






9. 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






10. 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






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






12. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






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






14. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






15. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated






16. A condensed written summary or abstract






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






18. 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






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






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






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






22. 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






23. An act or omission without which an event would not have occurred.






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






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






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






27. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






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






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






30. 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.






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






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






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






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






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






36. 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.






37. (law) a pleading made by a defendant in response to the plaintiff's replication






38. 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.






39. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






40. A wrongful act that the actor had no right to do






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






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






43. The courts that awarded compensation back in English Realm






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






45. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






46. Judges must abide by precedents in thier jurisdictions.






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






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






49. 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






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