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






2. 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






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






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






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






6. Party who defends an appeal






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






8. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






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






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






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






12. 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.






13. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






14. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






15. 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






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






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






18. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






19. Right to a trial by jury






20. 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.






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






22. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






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






24. 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.






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






26. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






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






28. 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






29. To confirm priestly authority upon






30. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






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






32. A school of legal thought centered on the assumption that there is no law higher then the laws created by the government. Laws must be obeyed - even if they are unjust - to prevent anarchy.






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






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






35. 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.






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






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






38. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






39. 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.






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






41. 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






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






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






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






45. 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.






46. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.






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






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






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






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