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






2. An agreement when one party to a contract is replaced by another






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






4. Right to use water from waterway on property






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






6. Order from the court to stop certain actions and cease contact






7. Interfearane with anothers enjoyment of life or property






8. Traditional usually 30 yr period






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






10. Female who makes the will






11. Says that evidence of an oral statement made before signing a written agreement cannot be presented in court






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






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






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






15. 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






16. A person who dies without a will






17. A tenant has the right to quiet enjoyment






18. Jury decides verdict - precentance hearing to decide punishmet appeal the states highest court






19. Fraud






20. False statements in written or printed form that injures anothers rep






21. Unlawful and violent taking of personal property






22. Nail place - hair place-license to do a job






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






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






25. 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






26. Gives buyer most protection






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






28. Make sell use invention for 17 years






29. False statement made orally to a 3rd party






30. Tenant






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






32. Doctrine that gives state gove right to regulate health - saftey - welfare - and morals of the people






33. Unauthorized taking or borrowing of personal property






34. Court in which wills are proved






35. Traditional usually 30 yr period






36. Taking under $300






37. Property found in public place






38. Criminal act & required state of mind






39. Jury decides verdict - precentance hearing to decide punishmet appeal the states highest court






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






41. Fraud






42. Use of substances to excessive extent that are illegal or harmful






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






44. Handwritten over printed






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






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






47. Unlawful killing of another human being with out malice aforethought






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






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






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