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






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






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






4. 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.






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






6. 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






7. The preponderance of evidence which means more likely then not.






8. 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






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






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






11. The location where something takes place - esp. a trial






12. 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.






13. 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.






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






15. 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






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






17. 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






18. 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.






19. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






20. Right to a trial by jury






21. Set of books containing published court decisions






22. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






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






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






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






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






27. An amendment to the Constitution of the United States guaranteeing the right of free expression






28. A reference to or a quotation from an authority






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






30. 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.






31. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






32. 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.






33. (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






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






35. Liability without fault. (Strict product liability)






36. Rules governing the admissibility of evidence in trial courts.






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






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






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






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






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






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






43. The clause in the Constitution (Article I - Section 8 - Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.






44. The body of rules and regulations and orders and decisions created by administrative agencies of government






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






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






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






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






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