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. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






2. 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






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






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






5. 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.






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






7. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






8. 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






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






10. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






11. Liability without fault. (Strict product liability)






12. The body of laws created by legislative statutes






13. 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.






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






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






16. 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






17. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






18. 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.






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. 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.






21. 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.






22. Law concerned with private wrongs against individuals






23. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






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






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






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






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






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






29. Party who defends an appeal






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






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






32. 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






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






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






35. (law) the initial questioning of a witness by the party that called the witness






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






37. Judges must abide by precedents in thier jurisdictions.






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






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






40. 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






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






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






43. 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.






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






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






46. Highest official of a monarch. Granted new an unique remedies.






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






48. Claims






49. 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.






50. A form of alternative dispute resolution in which a neutral third party evaluates the strengths and weakness of the disputing parties' positions; the evaluator's opinion forms the basis for negotiating a settlement.