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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. 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






2. A condensed written summary or abstract






3. 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






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






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






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






7. The act of delivering a writ or summons upon someone






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






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






10. 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.






11. The courts that awarded compensation back in English Realm






12. Wrongs






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






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






15. To confirm priestly authority upon






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






17. The body of laws created by legislative statutes






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






19. 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.






20. 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






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






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






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






24. An ethical principle that holds that you should never take any action that infringes on others; agreed-upon rights






25. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






26. 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.






27. A reference to or a quotation from an authority






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






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






30. 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






31. 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






32. (civil law) a law established by following earlier judicial decisions






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






34. (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






35. A legal proceeding in a court






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






37. 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.






38. 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.






39. 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






40. 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






41. (law) the right and power to interpret and apply the law






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






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






44. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






45. On the premises fr the potential financial benefit of the occupier






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. 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






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






49. Authority shared by both federal and state courts






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