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






2. 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






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






4. 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






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






6. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






7. 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.






8. Law concerned with private wrongs against individuals






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






10. 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






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






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






13. Protects you from unreasonable search and seizure of your home and property






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






15. 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.






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






17. 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.






18. 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






19. Torts committed via the internet






20. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






21. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






22. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






23. The party who appeals a decision of a lower court






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






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






26. 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.






27. Negate the claim of negligence(assumption of risk - superceding intervening clause)






28. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






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






30. 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






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






32. 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






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






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






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






36. Set of books containing published court decisions






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






38. A court will award money or other relief to a party injured by a breach of contract






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






40. 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






41. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






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






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






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






45. (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






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






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






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






49. 1. employee activity within scope of employment 2. employee is negligent






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