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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. Thurgood Marshall






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






3. Defamation - obscenity - speech that creates danger






4. Freedom of speech.






5. There is an established duty of due care






6. Type of intentional tort; the intentional touching of an individual in a way that is unwarranted or offensive






7. Due process or the right to a hearing






8. A contract put in writing laying out all of the terms






9. There is no intention to a contract but the plaintiff gives some benefit to the defendant who knows the plaintiff expects compensation. it would be unjust not to award the damages.






10. Unintentional tort - breach of a duty of care






11. An offered can be terminated anytime before the offer has been accepted.






12. Judge made law; based on precedent - which leads to stare decisis






13. (1)misrepresentation (2)concealment with the intent to take advantage of someone; deception of a person for the purpose of obtaining money or property






14. John Roberts






15. Using false statements or bribes to obtain medicare payments from the federal or state government






16. First 10 amendments of the constitution; Compromise between federalist and antifederalists; Protects natural rights of liberty and property






17. The introduction of a neutral third party in resolving a dispute; not a binding decision. Voluntary settlement.






18. Trial Court






19. Laws involving economic and social regulation; laws that regard economic or social status are presumed valid and corporations and people can be classified






20. Injuries caused by neglect and oversight rather than deliberate conduct.






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






22. Wrote 'On the Laws and Customs of England'






23. Agreement (offer and acceptance)






24. Binding; an offeror cannot withdraw






25. Preponderance of the evidence






26. Type of intent to be proved; means a guilty state of mind






27. Type of business crime; the fraudulent conversion of property already in the defendants posession.






28. Aka imminent domain; government cant take a persons land unless they prove it will be used for a public purpose and provide proper compensation.






29. The sharing of powers between levels of government






30. FCC (Federal Communications Commission)






31. Type of intentional tort; the intentional restraint of another without reasonable cause






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






33. United States is a party; the case is about a federal statute; the suit is between citizens of two different states and the the amt is over 75 -000






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






35. Language added to a court's opinion that is beyond what is needed; extra words offered as guidance






36. Common law rule; acceptance must be made on the same terms as the offer






37. Reasoning court gives for the holding






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






39. Arbitration and Mediation






40. A tithing of 10 men put together to hold each other accountable. Anglo-saxon method of keeping the peace.






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






42. When a law remains untouched on the presidents desk for over 10 days after congress's adjournment






43. Consists of two members of the House of Representatives and two members of the senate; they try to compromise between two edited versions of a bill to make it equal.






44. Type of business crime; the trespassing taking of personal property with intent to steal it. defendant never had the right to have said property in posession






45. A party may ask the court to order an examination to find out if physical or mental damage is relevant






46. Any scheme that attempts to unlawfully obtain money or services illegally through the US postal service






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






48. Injury






49. To the conference committee






50. The documents that begin a lawsuit: consists of the complaint - answer and sometimes a reply