Test your basic knowledge |

College Business Law

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. Landlord






2. Leagal doc containing a short and plain statement against the defendaant the clerk of courts issue a summons notice to the defendant that a lawsuit has begun






3. Fixed intrest rate buy monthly rates






4. A promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






5. Part of the plaintiff that asisted in causing his/hr injuries






6. Made any agreement made on Sunday void.






7. Holds bailors property for specific time/service






8. Tom ake consumers aware of borrowing money the federal gov passed this






9. Have original jurisdiction - the authority to try a case the first time its heard






10. Offer - acceptance - genuine agreement - considration - capacity - legality






11. If someone is already under a legal duty to do something promise is not needed






12. Thing that poses a risk to chldren who may be attracted to it






13. Not doing something you have a legal right to do






14. A written instrument by which the borrower pledges real property to the lender






15. Duty of care - breach of duty - prximate cause - actualy harm






16. Cant be touched - copy right






17. Offenses committed against society and its members - their property - and social order






18. Decide wheather a person on trial is guilty or innocent






19. Seriously intended - defineete and certain - communicated to the offeree






20. So one sided that it unfairly oppresses one party and unreasonably favors the other






21. Not doing something you have a legal right to do






22. A person who commits a tort






23. Revocation - rejection - counter offer - experation of time






24. Occurs when one person while breaking a law kills someone






25. For the greatest nmer of people afffected by an actoin. The more good that results the more ethical the action






26. Legal ability to enter a contract. minors menally incometnent - drugged or drunk induvidual have no capacity to enter contract






27. Property right to make use of land beloning to another






28. Substitution of one contract for another often used to settle an honest disagremment of amount






29. Contributory negligence - comparative - assumption of risk






30. Interfeerence with a persons right to be left alonne






31. Make sell use invention for 17 years






32. Life of author plus 50 years






33. Only entitled to reward if you know about it






34. Person who has not reached the age off leagal adult hood (age of majority)






35. Continues forever






36. Being issued a driverrs license is a privledge not a right






37. Fraud






38. Supplements common law. Passed by some governmental body and written in some form.






39. VOID






40. No consideration is recieved (only one person benefits)






41. Property right to make use of land beloning to another






42. False rep of fact - rep known to be false - info relied upon - false rep resulted in a loss






43. Entering a b uliding to commit a crime






44. Tenant wrongfully stays on rental property after the tenancy ended






45. Wrong against an induv.






46. Minors have the right to disaffirm contracts if they choose *cant affirm some parts of a contract that are favorable and dissafirm the unfavorable parts






47. Stops one party from lying to anotherabout a promise






48. Transfers a sellers intrest in property but does not warrant that sellers owns any interst






49. The right of the gov to take private land with or without the consent of the owner for public use






50. Court in which wills are proved