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






2. 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.






3. An amendment to the Constitution of the United States guaranteeing the right of free expression






4. 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






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






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






7. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






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






9. Law concerned with private wrongs against individuals






10. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






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






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






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






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






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






16. 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.






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






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






19. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






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






21. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






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






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






24. 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






25. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated






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






27. 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.






28. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






29. Jurisdiction based on claims against property






30. 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.






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






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






33. (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






34. Right to a trial by jury






35. Law concerned with public wrongs against society






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






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






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






39. 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






40. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






41. 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






42. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






43. 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






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






45. To be on the land of another without right or permission of the owner






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






47. 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.






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






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






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