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






2. 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






3. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






4. Relieve you of some liability when reasonable care is used






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. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






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






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






9. 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.






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






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






12. A major provider of arbitration services






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






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






15. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






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






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






18. 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






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






20. 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






21. 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.






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






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






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






25. Someone who petitions a court for redress of a grievance or recovery of a right






26. Liability without fault. (Strict product liability)






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






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






29. The publication of false information about another's product - alleging that it is not what its seller claims.






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






31. To confirm priestly authority upon






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






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






34. Right to bear arms






35. 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






36. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






37. 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.






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






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






40. 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






41. 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






42. A reference to or a quotation from an authority






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






44. A school of legal thought that views the law as a tool for promoting justice in society.






45. Torts committed via the internet






46. Propositions or general statements of equitable rules






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






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






49. Law concerned with private wrongs against individuals






50. Wrongs