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. Attempt to commit a battery (pointing a gun) a threat






2. A person who commits a tort






3. A person who commits a tort






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






5. Takes place when a person leaves his/her property in anothers possession






6. Pledges and subscriptions to charities






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






8. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






9. Original work in a tangible medium of expression






10. Fixed intrest rate buy monthly rates






11. An amendment or addition to a will






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






13. When 2 parties to a contract disagree the court uses the reasonable person test






14. Fraud






15. Fixed payments during the life of a loan but one large paymnt at the end






16. Must be returned to owner if can be found - perosn has right to lost property until the owner is found






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






18. Something that produces result - without it the result wouldnt of occured






19. Takes place when a person leaves his/her property in anothers possession






20. An offer to do what you have agreed to do also known as tender of preformance






21. Stated in words and may be oral or written






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






23. False statement made orally to a 3rd party






24. Only entitled to reward if you know about it






25. Handles cases involving large amounts of money






26. The principles of right and wrong that guide an individual in making decisions






27. Failure to act with the prudence that a reasonable person would exercise under the same circumstances






28. You.S. CONSTITUTION 'WHICH IS THE SUPREME LAW OF THE LAND'






29. Seller






30. Pay or give anything of value to public officials in order to inlufence their official activity






31. 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






32. Failure to act with the prudence that a reasonable person would exercise under the same circumstances






33. Preclude 'a person from denying or asserting anything to the contrary of that which has - in contemplation of law - been established as the truth - either by the acts of judicial






34. Involves values that govern a societys attitude toward right and wrong






35. Something that produces result - without it the result wouldnt of occured






36. Without moral standards or principles






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






38. Tenancy that automatically continues for a successive amount of time






39. Without moral standards or principles






40. Fraud






41. Consists of threats to a person's business or income that cause him or her to enter a contract without real consent






42. False statement made orally to a 3rd party






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






44. You.S. CONSTITUTION 'WHICH IS THE SUPREME LAW OF THE LAND'






45. Attempt to commit a battery (pointing a gun) a threat






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






47. Seller






48. Doesnt constitute consideration everyone must follow the law






49. Female who makes the will






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