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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. Law concerned with public wrongs against society






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






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






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






6. Party who defends an appeal






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






8. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






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






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






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






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






13. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






14. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






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






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






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






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






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






20. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






21. (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






22. 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






23. A major provider of arbitration services






24. 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






25. 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.






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






27. 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.






28. (law) evidence sufficient to warrant an arrest or search and seizure






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






30. A legal proceeding in a court






31. 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






32. 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






33. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






34. 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.






35. 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.






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






37. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






38. 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






39. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






40. 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






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






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






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






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






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






46. To confirm priestly authority upon






47. Right to a trial by jury






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






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






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