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. 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






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






3. Law concerned with private wrongs against individuals






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






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






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






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






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






9. A major provider of arbitration services






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






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






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






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






14. To be on the land of another without right or permission of the owner






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






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






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






18. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






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






20. 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






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






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






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






24. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






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






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






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






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






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






30. Liability without fault. (Strict product liability)






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






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






33. 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






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






35. Previously decided cases that are as similar as possible to the one under consideration






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






37. 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






38. The power to speak the law.






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






40. Jurisdiction based on claims against property






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






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






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






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






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






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






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






49. Authority shared by both federal and state courts






50. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.