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






2. 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.






3. A reference to or a quotation from an authority






4. 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






5. 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






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






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






8. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






9. A major provider of arbitration services






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






11. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






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






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






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






15. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






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






17. Claims






18. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






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






20. 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.






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






22. Right to a trial by jury






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






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






25. 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






26. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






27. 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.






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






29. 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






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






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






32. To be on the land of another without right or permission of the owner






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






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






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






36. A claim filed in opposition to another claim in a legal action






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






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






40. 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






41. 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.






42. A clause in a contract providing for arbitration of disputes arising under the contract






43. 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.






44. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






47. 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






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






49. 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.






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