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






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






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






4. 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.






5. 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






6. Claims






7. Law concerned with public wrongs against society






8. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






9. 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.






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






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






12. The power to speak the law.






13. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






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






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






16. 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






17. Evidence tending to make a fact at issue in the case more or less probable than it would be without the evidence. Only relevant evidence is admissible in court.






18. 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.






19. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






20. Torts committed via the internet






21. 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






22. On the premises fr the potential financial benefit of the occupier






23. 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.






24. A system of government in which the states form a union and the sovereign power is divided between the central government and the member states






25. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






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






28. 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






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






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






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






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






33. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






34. 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.






35. Party who defends an appeal






36. Wrongs






37. Occurs when one party to a contract is not given full or accurate information by the other party about the contract subject matter - Intentional misrepresentation of material fact - reasonably relied on by plaintiff resulting in damages






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






39. Supreme Court followed by the U.S. Court of Appeals and The highest state courts. Then followed by federal administrative agencies. U.S. District Courts - Specialized U.S. Courts(bankruptcy courts - court of Federal claims - court of international tr






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






41. 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






42. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






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






44. Set of books containing published court decisions






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






46. (law) the right and power to interpret and apply the law






47. 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






48. 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






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






50. A wrongful act that the actor had no right to do