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






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






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






4. A school of legal thought that views the law as a tool for promoting justice in society.






5. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






6. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






7. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






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






9. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






10. 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






11. 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.






12. 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






13. Torts committed via the internet






14. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement






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






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






17. 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






18. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






19. 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






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






21. 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.






22. 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.






23. (law) a pleading made by a defendant in response to the plaintiff's replication






24. 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.






25. Negate the claim of negligence(assumption of risk - superceding intervening clause)






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






27. 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






28. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






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






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






31. Right to bear arms






32. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






33. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






34. A common law writ issued by a superior court to one of inferior jurisdiction demanding the record of a particular case






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






36. The body of conventional - or written - law of a particular society at a particular point in time.






37. Law concerned with public wrongs against society






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






39. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






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






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






42. The First Amendment guarantee that the government will not create and support an official state church






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






44. 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.






45. 1. Federal statute 2. Constitution(U.S.) 3. Diversity of Citizenship($75 -000 or more)






46. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






47. 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






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






49. The government may not house soldiers in private homes without consent of the owner






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