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






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






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






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






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






6. Set of books containing published court decisions






7. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






8. Claims






9. 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






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






11. Liability without fault. (Strict product liability)






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






13. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






14. A school of legal thought centered on the assumption that there is no law higher then the laws created by the government. Laws must be obeyed - even if they are unjust - to prevent anarchy.






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






16. 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






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






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






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






20. To confirm priestly authority upon






21. A court will award money or other relief to a party injured by a breach of contract






22. 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






23. Authority shared by both federal and state courts






24. Party who defends an appeal






25. The courts that awarded compensation back in English Realm






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






27. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






28. The body of laws created by legislative statutes






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






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. 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.






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






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






34. 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






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






36. 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.






37. A question asked to determine what is true or to what extent something is true






38. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






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






40. 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






41. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






42. Torts committed via the internet






43. 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






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






45. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






46. 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.






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






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






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






50. 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