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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. Bottom Line answer






2. Malicious use of fire or explosives to damage or destroy real estate or property






3. Termination when the offeror dies or the physical contract is destroyed






4. 2/3 vote






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






6. FCC (Federal Communications Commission)






7. Fraud using electronic communications of any kind;






8. Sandra Day Oconnor






9. Agreement (offer and acceptance)






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






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






12. Requires a meeting of the minds






13. Three.






14. 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.






15. Type of defense; the practice of forcing another party to behave in an involuntary manner (whether through action or inaction) by use of threats or rewards






16. A letter that summarizes the negotiating progress






17. Talking trash






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






19. They set time limits for debate - decide how fast the law should be deliberated and when the bill goes to the floor for debate.






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






21. Law made by federal agencies; rules and regulations






22. A document filed by the losing party requesting the federal court to appeal a case.






23. Thurgood Marshall






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






25. Someone on the property by right of a public place. highest duty of due care is owed to avoid negligence






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






27. Written questions that the opposing party must answer in writing under oath






28. Reasoning court gives for the holding






29. Lack of opinion - malice as to public figures - negligence to private individuals






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






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. Type of defense; the defendant is incapable of forming mens rea






33. If a company does not address an insubordinate employee - they become liable






34. Preponderance of the evidence






35. Trial Court






36. System of checks and balances within the federal government






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






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






39. Right to an attorney when facing a prison sentence






40. The party filing the appeal






41. No self incrimination / due process (miranda warnings)






42. A person who is on your property with your permission; you owe them a higher duty of due care to warn of known dangers






43. Trial.






44. James Madison - 1789






45. Consideration; the bargaining that leads to a deal






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






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






48. 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






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






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






Can you answer 50 questions in 15 minutes?



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