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






3. Can be touched (goods)






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






5. Gives buyer most protection






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






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






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






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






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






11. Doesnt constitute consideration everyone must follow the law






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






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






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






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






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






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






18. Landlord






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






20. Handles cases involving large amounts of money






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






22. Classifies drugs into groups with set penalties for each group






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






24. A person who dies without a will






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






26. Sudden killing person out of rage






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






28. Without moral standards or principles






29. A person who doesnt really own property but takes possession of it for a specified time period may become legal owner






30. 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






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






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






33. Owner of property






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






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






36. Handle estates of the deceased






37. Fraud






38. Unauthorized taking or borrowing of personal property






39. Killing with aforethought






40. Only entitled to reward if you know about it






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






42. Faslse making or changing of writing intent to defraud






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






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






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






46. Agreements to sell a particular product or service at an agreed price






47. Occurs when you transfer part of the term of a lease - but not the remainder of it - to someone else






48. Fraud






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






50. VOID