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. A person who commits a tort






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






3. Killing with aforethought






4. Handles cases involving large amounts of money






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






6. Down payment intrest rate stays the same throughout life of a morgage






7. Exchange of benefits and detriments by parties to an agreement






8. Killing with aforethought






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






10. This is when a promise is reasonably relied upon - to the substantial detriment of the relying party.






11. People who are engaged in extremly dangerous activity may be held liable even if there was no negligence






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






13. Entering a b uliding to commit a crime






14. Man who makes a will






15. People who are engaged in extremly dangerous activity may be held liable even if there was no negligence






16. This is when a promise is reasonably relied upon - to the substantial detriment of the relying party.






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






18. VOID






19. Interfearane with anothers enjoyment of life or property






20. Stops one party from lying to anotherabout a promise






21. Handles suits against federal gov and disputes over taxes






22. Insanity - entrapment - self defense - defense of fam member






23. Taking of another's property or money by a person to whom it has been entrusted






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






25. Doesnt constitute consideration everyone must follow the law






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






27. Make sell use invention for 17 years






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






29. One which both the bailor and the bailee recieve some benefit






30. Man who makes a will






31. Fraud






32. Requires that the landlord make those repairds necessary to keep the premisies fit






33. Unlawful resetraint of a person wheather in proision or otherwise (must use good judgement when obtaining shop lifters)






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






35. Handle estates of the deceased






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






37. Unlawful toutching of another person






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






39. Donor must intent to make a gift - gift must be delivered - donee must accept gift






40. Donor must intent to make a gift - gift must be delivered - donee must accept gift






41. Minor who has done something that would not be a crime if it were done by an adult






42. 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






43. The fee paid to a lender when borowing money






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






45. Down payment intrest rate stays the same throughout life of a morgage






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






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






48. The body of rules and regulations and orders and decisions created by administrative agencies of government






49. Can be touched (goods)






50. Unjust taking of money or thing of value by a public offical