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






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






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






4. 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.






5. 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






6. The publication of a statement that denies or casts doubt on another's legal ownership of any property - causing financial loss to that property's owner.






7. 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






8. 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






9. 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.






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






12. The government may not house soldiers in private homes without consent of the owner






13. 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






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






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






16. 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.






17. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






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






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






20. A body of rulings made by judges that become part of a nation's legal system






21. 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






22. 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.






23. 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.






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






25. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






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






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






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






29. 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.






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






31. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






32. 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.






33. The question of whether an issue lies within the authority and jurisdiction of the arbitrator. A matter may be declared non-arbitrable either because certain steps - timetables and procedures have not been followed prior to submitting it to arbitrati






34. The party who appeals a decision of a lower court






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






36. Courts that handle cases that involve less than $5000






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






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






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






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. A major provider of arbitration services






42. 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.






43. 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






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






45. 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






46. An example that is used to justify similar occurrences at a later time






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






48. 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.






49. A form of alternative dispute resolution in which a neutral third party evaluates the strengths and weakness of the disputing parties' positions; the evaluator's opinion forms the basis for negotiating a settlement.






50. 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