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 body of rulings made by judges that become part of a nation's legal system






2. The courts that awarded compensation back in English Realm






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






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






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






6. 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






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






8. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






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






10. The act of delivering a writ or summons upon someone






11. A legal proceeding in a court






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






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






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






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






16. (law) the initial questioning of a witness by the party that called the witness






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






18. The act of changing location from one place to another






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






20. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






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






22. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






23. Right to a trial by jury






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






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






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






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






28. 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






29. 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.






30. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






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






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






33. 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.






34. 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






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






36. 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.






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






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






39. Law concerned with private wrongs against individuals






40. 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.






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






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






43. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






44. A school of legal thought that views the law as a tool for promoting justice in society.






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. Ethical or unethical behaviors by employees in the context of their jobs






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






48. Authority shared by both federal and state courts






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






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