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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. 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






2. A major provider of arbitration services






3. 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.






4. The publication of a statement that denies or casts doubt on another's legal ownership of any property - causing financial loss to that property's owner.






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






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






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






8. 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.






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






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






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






12. 1. employee activity within scope of employment 2. employee is negligent






13. Liability without fault. (Strict product liability)






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






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






17. 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.






18. 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






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






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






21. 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.






22. 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






23. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






24. The courts that awarded compensation back in English Realm






25. 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






26. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






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






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






30. State courts that handle only matters relating to the transfer of a person's assets and obligations after that person's death - including issues relating to custody and guardianship of children






31. 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.






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






33. A condensed written summary or abstract






34. The act of changing location from one place to another






35. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






36. 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.






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






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






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






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






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






42. The location where something takes place - esp. a trial






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






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






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






46. 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.






47. Party who defends an appeal






48. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






49. 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






50. (accident - breach of contract - or other event) > Party consults with Attorney(Initial client interview - signing of retainer agreement) > Informal investigation > Plaintiffs attorney files complaint > Defendant attorney files answer to complaint or