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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. 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.






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






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






4. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






5. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






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






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






8. 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






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






10. (law) evidence sufficient to warrant an arrest or search and seizure






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






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






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






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






15. 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






16. A reference to or a quotation from an authority






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






18. 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.






19. To confirm priestly authority upon






20. 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.






21. A legal proceeding in a court






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






23. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






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






25. An example that is used to justify similar occurrences at a later time






26. Wrongs






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






28. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






29. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






30. 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






31. 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.






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






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






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






35. 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.






36. 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.






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






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






39. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






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






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






42. 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.






43. 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.






44. A body of rulings made by judges that become part of a nation's legal system






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






46. 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






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






48. Jurisdiction based on claims against property






49. 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






50. Law concerned with private wrongs against individuals