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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. Wrote 'On the Laws and Customs of England'






2. Termination by simply turning down the offer






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






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






5. Three.






6. If the proceedings of a business occur intrastate but will eventually effect proceedings interstate - this rule states that congress may interfere






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

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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. Arbitration and Mediation






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






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






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






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






14. Establishes the idea precendent

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15. Right to an attorney when facing a prison sentence






16. Preponderance of the evidence






17. Baron Montesquieu






18. During the option period of a contract






19. The legal question that is posed in a case






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






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






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






23. Presiding officer (senator)






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






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






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






27. FCC (Federal Communications Commission)






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






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






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






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






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






33. Article I - Section 8

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34. When a law remains untouched on the presidents desk for over 10 days after congress's adjournment






35. Judges are obligated to follow precedent






36. Twelve.






37. There was a breach of due care






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






39. Business tort; using someones likeness or voice without their permission.






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






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






42. States who is suing who. Identifies parties.






43. Unintentional tort - breach of a duty of care






44. 2/3 vote






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






46. Type of defense; when the government induces the defendant to break the law.






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






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






49. Judge made law






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