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






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






3. 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






4. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






5. Law concerned with private wrongs against individuals






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. 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.






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






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






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






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






12. When the matter is between private parties the constitution laws do not apply. Between individuals and government organizations then constitutional laws apply.






13. 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






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






15. A legal proceeding in a court






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






17. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






18. 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.






19. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






20. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






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






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






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






24. 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






25. The body of laws created by legislative statutes






26. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






29. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






30. Right to bear arms






31. 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.






32. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






33. 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






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






35. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






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. (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






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






39. Torts committed via the internet






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






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






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






44. 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






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






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






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






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






49. Liability without fault. (Strict product liability)






50. The rules governing the manner in which civil cases are brough in and progress through the federal courts