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. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






2. (law) a pleading made by a defendant in response to the plaintiff's replication






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






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






5. A legal proceeding in a court






6. 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.






7. A reference to or a quotation from an authority






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






9. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






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






11. 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






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






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






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






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






16. Liability without fault. (Strict product liability)






17. 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.






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






19. Judges must abide by precedents in thier jurisdictions.






20. Jurisdiction based on claims against property






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






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






23. 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.






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






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






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






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






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






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






30. 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






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






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






33. 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.






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






35. Law concerned with private wrongs against individuals






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






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 brief outline of what the defendant and the plaintiff will try to prove.






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






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






41. 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






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






43. (law) evidence sufficient to warrant an arrest or search and seizure






44. Three remedies known as land - items of value - or money






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






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






47. The body of laws created by legislative statutes






48. 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






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






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