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






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






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






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






5. 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






6. 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.






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






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






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






10. 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)






11. 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.






12. 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






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. (civil law) a law established by following earlier judicial decisions






15. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






16. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






17. 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.






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






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






20. Claims






21. 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.






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






23. The body of conventional - or written - law of a particular society at a particular point in time.






24. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






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






26. 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.






27. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






29. Torts committed via the internet






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






31. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






32. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






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






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






35. (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






36. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






37. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






38. 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






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






40. 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






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






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






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






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






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






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






47. Right to a trial by jury






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






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






50. 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