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






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






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






4. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






6. 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






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






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






9. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






10. 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.






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






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






13. 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.






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






15. The body of laws created by legislative statutes






16. 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






17. The clause in the Constitution (Article I - Section 8 - Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.






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






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






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






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






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






23. 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.






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






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






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






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






28. A legal proceeding in a court






29. The principle pleading by the defendant in response to plaintiff's complaint






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






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






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 courts that awarded compensation back in English Realm






34. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






35. The act of delivering a writ or summons upon someone






36. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






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






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






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






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






41. 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.






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






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






44. A condensed written summary or abstract






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






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






47. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






48. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






49. Claims






50. 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.