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Business Law Vocab - 2

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. 2/3 vote






2. Each side may ask the other side to produce relevant documents for inspection and copying.






3. For the defendant to be liable - the type of harm must have been reasonably forseeable.






4. Article I - Section 8

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5. Arbitration and Mediation






6. Right to an attorney when facing a prison sentence






7. Requires a meeting of the minds






8. A company becomes liable if they do not perform a background check






9. The floor/leadership - where it is debated upon with no time limit.






10. Proposed statutes - submitted to Congress or a legislature






11. The party filing the appeal






12. A person who volluntarily enters a situation that has an obvious danger cannot complain is he/she is injured






13. Termination when an offer specifies a time limit for acceptance and the period is binding.






14. Punishable by a prison sentence of one year or more






15. Judges who disagree with the majority holding; states their opposing opinion






16. Baron Montesquieu






17. Using two or more racketeering acts to accomplish any of the following goals: (1) investing or acquiring legitimate businesses with criminal money (2)maintaining or acquiring businesses through criminal activity






18. To a committee to be studied; and then debated and voted upon; this is where new amendments can be added.






19. Freedom of speech.






20. Agreement (offer and acceptance)






21. Faking car accidents and injury in order to gain a settlement






22. Three.






23. Talking trash






24. Type of business crime; taking or using someones property






25. Type of defamation tort; spoken defamation






26. (1)statement (2)falseness (3)communicated (4)injury






27. A defendant breaches his duty of due care by failing to behave the way a reasonable person would under similar circumstances






28. The study of how people ought to act; does not always mean legal.






29. A law passed by a legislative body






30. If the proceedings of a business occur intrastate but will eventually effect proceedings interstate - this rule states that congress may interfere






31. The defendant (defamer) knew the statement was false or acted with reckless disregard to the truth






32. During the option period of a contract






33. Trial.






34. If the plaintiff is even slightly negligent he/she recovers nothing






35. An act of a senate member to delay the close of debate or force a decision to be made.






36. No state can deny citizens due process. (14th amendment) this incorporates states to be ruled under the constitution






37. Binding; an offeror cannot withdraw






38. There is an established duty of due care






39. Judge made law






40. Forseeable harm






41. To the conference committee






42. States who is suing who. Identifies parties.






43. A federal statute that applies to the sale of goods (NOT real estate or services)






44. Establishes the idea precendent

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45. Majority






46. Type of defense; when the government induces the defendant to break the law.






47. There was a breach of due care






48. Thurgood Marshall






49. It must be voted on and approved by both houses and then approved by the president. then it is a law






50. 1250

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Can you answer 50 questions in 15 minutes?


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