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. 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.






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






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






4. Law concerned with private wrongs against individuals






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






6. 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






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






8. Wrongs






9. Judges must abide by precedents in thier jurisdictions.






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






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






12. 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






13. 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.






14. 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.






15. 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






16. Jurisdiction based on claims against property






17. 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






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






19. An example that is used to justify similar occurrences at a later time






20. A condensed written summary or abstract






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






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






23. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






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






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






27. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






28. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






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






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






31. Three remedies known as land - items of value - or money






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






33. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






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






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






36. 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.






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






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






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






40. 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.






41. (law) evidence sufficient to warrant an arrest or search and seizure






42. 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.






43. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






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






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






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






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






48. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






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






50. The body of rules and regulations and orders and decisions created by administrative agencies of government