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






2. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






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






4. Right to a trial by jury






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






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






8. Judges must abide by precedents in thier jurisdictions.






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






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






11. A defendant's answer or plea denying the truth of the charges against him






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






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






14. A reference to or a quotation from an authority






15. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






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






17. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






19. (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






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






21. A major provider of arbitration services






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






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






24. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






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






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






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






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






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






31. Jurisdiction based on claims against property






32. 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






33. The body of laws created by legislative statutes






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






35. 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






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






37. A legal proceeding in a court






38. 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)






39. 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.






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






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






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






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






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






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






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






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






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






49. Any source of law that a court must follow when deciding a case. This includes constitutions - statues - and regulations - that govern the issue being decided - as well as previous court decisions in the same jurisdiction.






50. 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