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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) a pleading by the defendant in reply to a plaintiff's surrejoinder






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






3. 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.






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






5. The question of whether an issue lies within the authority and jurisdiction of the arbitrator. A matter may be declared non-arbitrable either because certain steps - timetables and procedures have not been followed prior to submitting it to arbitrati






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






7. 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






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






9. 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






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






11. A condensed written summary or abstract






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






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






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






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






16. The power to speak the law.






17. Ethical or unethical behaviors by employees in the context of their jobs






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






19. (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






20. The body of rules and regulations and orders and decisions created by administrative agencies of government






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






22. 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






23. 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






24. 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.






25. 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






26. 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.






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






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






30. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






31. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






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






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






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






35. 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.






36. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






37. To confirm priestly authority upon






38. 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.






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






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






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






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






43. 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






44. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






45. 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






46. A system of government in which the states form a union and the sovereign power is divided between the central government and the member states






47. 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






48. 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.






49. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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