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. Torts committed via the internet






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






3. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






5. A sum of money paid in compensation for loss or injury






6. 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






7. 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.






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






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






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






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






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






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






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






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






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






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






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






19. An order to appear in person at a given place and time






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






21. A major provider of arbitration services






22. Drawing a comparison in order to show a similarity in some respect






23. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






24. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






25. To confirm priestly authority upon






26. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






27. 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






28. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






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






30. 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.






31. The courts that awarded compensation back in English Realm






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






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






34. 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)






35. 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






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






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






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. 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.






40. 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






41. Wrongs






42. Previously decided cases that are as similar as possible to the one under consideration






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






44. Set of books containing published court decisions






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






46. 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






47. 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






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






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






50. 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