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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. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






2. The body of laws created by legislative statutes






3. 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






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






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






6. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






7. Law concerned with private wrongs against individuals






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






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






10. Someone who petitions a court for redress of a grievance or recovery of a right






11. 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






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






13. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






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






15. 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






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






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






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






19. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






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






21. Law concerned with public wrongs against society






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






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






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






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






26. 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.






27. A condensed written summary or abstract






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






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






30. 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






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






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






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






34. Propositions or general statements of equitable rules






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






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






37. 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.






38. Right to bear arms






39. 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)






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






41. The power to speak the law.






42. 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.






43. A statement of fundamental rights and privileges (especially the first ten amendments to the United States Constitution)






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






45. 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






46. 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






47. To confirm priestly authority upon






48. 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






49. 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.






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