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






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






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






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






5. An outcome that was planned - although the person involved may not have believed that the intended outcome would be harmful to the other person.






6. An act against the public good - punishable by a fine - imprisonment or both






7. Interfearane with anothers enjoyment of life or property






8. Handles suits against federal gov and disputes over taxes






9. Unlawful taking and carrying away personal property






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






11. Written accusation charging suspect with crime






12. Selecting a jury - opening statements - intro of evidence - closing arguments - instructions to the jury - verdict - judgement






13. Right to use water from waterway on property






14. An amendment or addition to a will






15. Detention haring - adjudicatory hearing - disposal hearing






16. Intermediate courts have authority to hear appeals and review cases from lower courts - they have appeleate jurisdiction






17. Valid void - express or implied - bilateral or unilateral - oral or written






18. Property found in public place






19. Continues forever






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






21. Right of a bailee to hold goods until charges are paid






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






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






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






25. The fee paid to a lender when borowing money






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






27. VOID






28. Only entitled to reward if you know about it






29. Accused brought to court - read indictment - asked to plead guilty or not guilty






30. Unauthorized taking or borrowing of personal property






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






32. Difference between fair market value and the debt in the property






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






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






35. 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






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






37. Written accusation charging suspect with crime






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






39. Taking under $300






40. Killing with aforethought






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






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






43. Fixed intrest rate buy monthly rates






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






45. Detention haring - adjudicatory hearing - disposal hearing






46. Can be touched (goods)






47. Traditional usually 30 yr period






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






49. Interfearane with anothers enjoyment of life or property






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