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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. 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






2. 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.






3. 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






4. 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.






5. 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.






6. 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






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






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






9. Right to bear arms






10. (civil law) a law established by following earlier judicial decisions






11. 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






12. A system of government in which the states form a union and the sovereign power is divided between the central government and the member states






13. 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






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






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






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






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






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. 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






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






21. Supreme Court followed by the U.S. Court of Appeals and The highest state courts. Then followed by federal administrative agencies. U.S. District Courts - Specialized U.S. Courts(bankruptcy courts - court of Federal claims - court of international tr






22. 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






23. Torts committed via the internet






24. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






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






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






27. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






28. The body of conventional - or written - law of a particular society at a particular point in time.






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






30. Set of books containing published court decisions






31. Enforcable rules governing relationships among individuals and between individuals and thier society.






32. A condensed written summary or abstract






33. 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






34. The publication of a statement that denies or casts doubt on another's legal ownership of any property - causing financial loss to that property's owner.






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






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






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






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






39. Judges must abide by precedents in thier jurisdictions.






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






41. A claim filed in opposition to another claim in a legal action






42. Claims






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






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






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






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






47. A legal proceeding in a court






48. 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






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






50. Liability without fault. (Strict product liability)