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. 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.






2. 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.






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






4. 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






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






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






7. Law concerned with private wrongs against individuals






8. 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






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






10. The body of laws created by legislative statutes






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






12. Judges must abide by precedents in thier jurisdictions.






13. 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






14. A reference to or a quotation from an authority






15. 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






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






17. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






18. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






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






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






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






22. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






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






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






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






26. Jurisdiction based on claims against property






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






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






29. Torts committed via the internet






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






31. Authority shared by both federal and state courts






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






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






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






35. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






36. The First Amendment guarantee that the government will not create and support an official state church






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






38. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






40. 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.






41. 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.






42. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






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






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






45. Propositions or general statements of equitable rules






46. Part of the 14th Amendment which guarentees that no state deny basic rights to its people






47. 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






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






49. 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.






50. 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