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






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






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






4. Legality; the subject matter must be legal






5. There is an established duty of due care






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






7. Majority






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






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






10. Binding; an offeror cannot withdraw






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






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






13. States who is suing who. Identifies parties.






14. You have no duty to assist someone in peril unless you created the danger

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15. Type of defamation tort; written defamation






16. There was a breach of due care






17. Proposed statutes - submitted to Congress or a legislature






18. A power granted to congress stating that congress may regulate trade between countries - other states and indian tribes






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






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






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






22. Requires a meeting of the minds






23. Forseeable harm






24. A letter that summarizes the negotiating progress






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






26. Sponsor.






27. Baron Montesquieu






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






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






30. The party opposing the appeal






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






32. 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






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






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






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






36. The process of one party's lawyer to question the other party or a potential witness under oath.






37. A defendant engaging in an ultrahazardous activity is virtually always liable for any harm that results






38. Judge made law






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






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






41. FCC (Federal Communications Commission)






42. 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






43. The obligation to decide current cases based on previous rulings.






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






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






46. Agreement (offer and acceptance)






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






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






49. Section of the fourteenth amendment where courts must provide equal protection to all cases based on scrutiny






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