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






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






3. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






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






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






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






7. 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.






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 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.






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






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






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






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






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






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






16. Propositions or general statements of equitable rules






17. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






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






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






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






21. Jurisdiction based on claims against property






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






23. A question asked to determine what is true or to what extent something is true






24. Torts committed via the internet






25. The principle pleading by the defendant in response to plaintiff's complaint






26. Wrongs






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






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






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






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






31. 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






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






33. 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






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






35. A reference to or a quotation from an authority






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






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






38. 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.






39. 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






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






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






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






43. 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






44. 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.






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






46. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






47. Right to a trial by jury






48. 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.






49. 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.






50. 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