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. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






2. 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.






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






4. Private proceeding in which each party to a dispute argues its position before the other side - and vice versa. A neutral third party may be present and act as an adviser if the parties fail to reach an agreement






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






6. 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.






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






8. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






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






11. Party who defends an appeal






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






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






14. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement






15. 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






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






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






18. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






19. The government may not house soldiers in private homes without consent of the owner






20. A brief outline of what the defendant and the plaintiff will try to prove.






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






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






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






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






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






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






28. Courts that handle cases that involve less than $5000






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






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






31. 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)






32. Law concerned with private wrongs against individuals






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






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






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






36. The preponderance of evidence which means more likely then not.






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






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






39. 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






40. 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






41. 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






42. 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






43. Torts committed via the internet






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






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






46. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






47. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






48. 1. Resident 2. (while within boundaries of state) 3. Long arm statue.






49. Propositions or general statements of equitable rules






50. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations