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. An example that is used to justify similar occurrences at a later time






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






3. 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.






4. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






5. 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.






6. A condensed written summary or abstract






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






8. 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






9. Torts committed via the internet






10. The body of laws created by legislative statutes






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






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






13. 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






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






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






16. 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






17. 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






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






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






20. 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.






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






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






23. Jurisdiction based on claims against property






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






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






26. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do






27. 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.






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






29. 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.






30. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






31. Judges must abide by precedents in thier jurisdictions.






32. Right to bear arms






33. Protects you from unreasonable search and seizure of your home and property






34. The party who appeals a decision of a lower court






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






36. 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.






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






38. 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






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






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






41. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






42. 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)






43. The process by which the parties in a dispute submit their difference to the judgment of an impartial person or group appointed by mutual consent






44. The power to speak the law.






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






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






47. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






48. 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.






49. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






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