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. 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






2. Owner of property






3. Laws based on England and custom






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






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






6. Buyer






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






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






9. Stated in words and may be oral or written






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






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






12. A tenant has the right to quiet enjoyment






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






14. Only entitled to reward if you know about it






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






16. Interfeerence with a persons right to be left alonne






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






18. Cant be touched - copy right






19. A killing htat takes place during a felony is now a murder






20. Highest court - has original and appealate jurisdiction - hears all cases






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






22. Actions involving more than 50000 between citizens of different states






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






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






25. Made any agreement made on Sunday void.






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






27. An amendment or addition to a will






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






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






30. Taking someones property by intentionally decieving that person






31. Injuring anothers rep by making false statements






32. Property found in public place






33. Unauthorized taking or borrowing of personal property






34. Fixed intrest rate buy monthly rates






35. Landlord






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






37. A person who dies without a will






38. Criminal act & required state of mind






39. Only entitled to reward if you know about it






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






41. Right to occupy property for a fixed period of time






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






43. The activity of keeping something secret






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






45. Continues for 10 years or may be renewed






46. Life of author plus 50 years






47. Continues forever






48. Original work in a tangible medium of expression






49. Handwritten over printed






50. Fraud