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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. Relieve you of some liability when reasonable care is used






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






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






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






5. 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






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






7. 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






8. Jurisdiction based on claims against property






9. 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






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






11. Right to bear arms






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






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






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






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






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






17. 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.






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






19. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






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






22. Claims






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






24. 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.






25. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system






26. 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






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






28. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






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






30. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






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






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






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






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






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






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






37. 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.






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






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






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






41. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






42. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






43. A school of legal thought centered on the assumption that there is no law higher then the laws created by the government. Laws must be obeyed - even if they are unjust - to prevent anarchy.






44. Authority shared by both federal and state courts






45. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






46. The courts that awarded compensation back in English Realm






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






48. Law concerned with public wrongs against society






49. 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.






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