Test your basic knowledge |

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. Twelve.






2. Injury






3. 2/3 vote






4. Consideration; the bargaining that leads to a deal






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






6. Thurgood Marshall






7. When there is no contract - but the defendant makes a promise that will induce reliance. it would be unjust not to enforce the promise






8. Establishes the idea precendent

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


9. To the president.






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






11. Type of defamation tort; written defamation






12. There was a breach of due care






13. Sponsor.






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






15. Pretrial motions; motions for a summary judgement; asks the court to resolve a lawsuit before it goes to trial






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






17. Forseeable harm






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






19. Capacity; the parties must be adults and mentally competent






20. Aricle IV section 2 of the constitution that states that the constitution and the united States are the laws of the land. Federal government trumps state law






21. James Madison - 1789






22. 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.






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






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






25. Life - Liberty - Property






26. 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






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






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






29. 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






30. Gender related; such laws must be substantially related to important government objectives. (gov't cant discriminate based on gender through the law making process)






31. A court will imply by conduct that there was an agreement between two parties






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






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






34. 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






35. Article I - Section 8

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


36. Talking trash






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






38. A less serious crime often punishable by less than one year in prison






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






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






41. Fraud using electronic communications of any kind;






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






43. Law made by federal agencies; rules and regulations






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






45. 1250

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


46. Complaint and summons are served to defendant; answer is provided within 30 days






47. Bottom Line answer






48. Attorneys ask jurors a set of questions to determine bias






49. Judge made law






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