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






2. The courts that awarded compensation back in English Realm






3. An act or omission without which an event would not have occurred.






4. A legal proceeding in a court






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






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






7. 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






8. 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






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






10. 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






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






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






13. The power to speak the law.






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






15. 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






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






17. 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






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






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






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






21. 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.






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






23. Law concerned with public wrongs against society






24. 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






25. (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






26. 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






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






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






29. The body of laws created by legislative statutes






30. Claims






31. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






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






33. 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.






34. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






35. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






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






37. Set of books containing published court decisions






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






39. Liability without fault. (Strict product liability)






40. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






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






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






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






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






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






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






47. 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.






48. 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.






49. A major provider of arbitration services






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