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 enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






2. Claims






3. 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






4. 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






5. Authority shared by both federal and state courts






6. The body of laws created by legislative statutes






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






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






9. Judges must abide by precedents in thier jurisdictions.






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






11. 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.






12. Assumption of risk - Superseding cause - and contributory and comparative negligence.






13. 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






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






15. 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.






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






17. 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.






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






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






20. 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)






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






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






23. 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.






24. 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.






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






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






27. Evidence tending to make a fact at issue in the case more or less probable than it would be without the evidence. Only relevant evidence is admissible in court.






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






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






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






31. 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






32. To confirm priestly authority upon






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






34. Supreme Court followed by the U.S. Court of Appeals and The highest state courts. Then followed by federal administrative agencies. U.S. District Courts - Specialized U.S. Courts(bankruptcy courts - court of Federal claims - court of international tr






35. Rules governing the admissibility of evidence in trial courts.






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






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






38. Law concerned with public wrongs against society






39. 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.






40. 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






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






42. Right to bear arms






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






44. 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






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. 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






47. (civil law) a law established by following earlier judicial decisions






48. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






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






50. 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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests