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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. 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






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






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






4. 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.






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






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






7. A major provider of arbitration services






8. A reference to or a quotation from an authority






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






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






11. 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






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






13. Party who defends an appeal






14. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






15. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system






16. 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.






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






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






19. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






20. 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.






21. The body of laws created by legislative statutes






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. The power to speak the law.






24. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






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






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






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






28. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






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






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






31. 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






32. 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.






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






34. 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






35. 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






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






37. Jurisdiction based on claims against property






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






39. Liability without fault. (Strict product liability)






40. 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






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






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






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






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






45. 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






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






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






48. A wrongful act that the actor had no right to do






49. 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.






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