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






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






3. Judges are obligated to follow precedent






4. Bottom Line answer






5. Type of defamation tort; written defamation






6. Legality; the subject matter must be legal






7. When the bill is debated to the floor of the house.






8. Forbidding a law to be passed






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






10. Type of intent to be proved; means the guilty act






11. Sandra Day Oconnor






12. Business tort; defendant improperly breached contract and causes injury to plaintiff






13. 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.






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






15. To the conference committee






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






17. Collected taxes and helped keep the peace in tenth century England. Equivalent to a modern day Sheriff.






18. Establishes the idea precendent

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19. Majority






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






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






22. Trial.






23. Guilty beyond a reasonable doubt






24. During the option period of a contract






25. 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






26. 1250

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27. There was a breach of due care






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






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






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






31. 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.






32. Nine.






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






34. 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






35. The rules committee where it is put on a calendar.






36. Freedom of speech.






37. Items such as trampolines and swimming pools; defendant is liable if there is no protection






38. Unintentional tort - breach of a duty of care






39. Agreement (offer and acceptance)






40. The opinion of Judges who agree with the holding - but for different reasons.






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






42. Preponderance of the evidence






43. FCC (Federal Communications Commission)






44. The party filing the appeal






45. Due process or the right to a hearing






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






47. Judge made law






48. The facts imply that the defendants negligence caused the act; 'the thing speaks for itself'






49. Law made by federal agencies; rules and regulations






50. Discovery phase: chance for the party to learn about its opponent.