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. A condensed written summary or abstract






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






3. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






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






5. Statements made by the plaintiff and the defendant in a lawsuit that detail the facts - charges - and defenses involved in the litigation. The complaint and answer are part of the pleadings.






6. 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.






7. 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.






8. (law) a pleading made by a defendant in response to the plaintiff's replication






9. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






10. 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






11. 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.






12. 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






13. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






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






15. 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.






16. 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






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






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






19. 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






20. 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.






21. Relieve you of some liability when reasonable care is used






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






23. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






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






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






26. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






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






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






29. 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.






30. Claims






31. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






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






33. 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.






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






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






36. Party who defends an appeal






37. Is strict liability hold a claim if the product or service in question is...






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






39. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






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






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






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






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






44. (law) the initial questioning of a witness by the party that called the witness






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






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






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






48. 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






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






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