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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. To the conference committee






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






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






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






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






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






7. 1250

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8. Bottom Line answer






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






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






11. Nine.






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






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






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






15. Article I - Section 8

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






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






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






19. Each side may ask the other side to produce relevant documents for inspection and copying.






20. A law passed by a legislative body






21. James Madison - 1789






22. System of checks and balances within the federal government






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






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






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






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






27. During the option period of a contract






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






29. Three.






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






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






32. The legal doctrine whereby an act is considered negligent because it violates a statute (or regulation)






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






34. Cruel and unusual punishment






35. Business tort; intrusion in to someones private life; being a voyeur






36. Agreement (offer and acceptance)






37. Forseeable harm






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






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






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






41. Trial.






42. Presiding officer (senator)






43. There was a breach of due care






44. Thurgood Marshall






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






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






47. Binding; an offeror cannot withdraw






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






49. The party filing the appeal






50. For the defendant to be liable - the type of harm must have been reasonably forseeable.