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. Judges must abide by precedents in thier jurisdictions.






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






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






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






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






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






7. The party who appeals a decision of a lower court






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






9. Party who defends an appeal






10. 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






11. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






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






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






14. 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






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






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






17. 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






18. 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






19. The body of laws created by legislative statutes






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






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






22. 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.






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






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






25. Liability without fault. (Strict product liability)






26. Previously decided cases that are as similar as possible to the one under consideration






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






28. 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






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






30. 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.






31. Set of books containing published court decisions






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






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






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






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






36. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






37. An ethical principle that holds that you should never take any action that infringes on others; agreed-upon rights






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






39. Wrongs






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






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






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






43. 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.






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






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






46. 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)






47. (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






48. Law concerned with public wrongs against society






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






50. 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.