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






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






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






4. 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






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






7. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






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






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






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






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






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






13. A reference to or a quotation from an authority






14. 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.






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






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






17. 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.






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






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






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






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






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






23. Wrongs






24. The rules governing the manner in which civil cases are brough in and progress through the federal courts






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






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






27. Party who defends an appeal






28. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






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






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






31. 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.






32. 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






33. Torts committed via the internet






34. 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






35. 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.






36. 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






37. 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.






38. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






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






40. 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.






41. Part of the 14th Amendment which guarentees that no state deny basic rights to its people






42. A major provider of arbitration services






43. The power to speak the law.






44. A condensed written summary or abstract






45. 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






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






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






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






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






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