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. Revocation - rejection - counter offer - experation of time






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






3. Prohibits agencies from communicating any records to another agency or person without first obtaining that person's consent






4. Buyer






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






6. Right to use water from waterway on property






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






8. Detention haring - adjudicatory hearing - disposal hearing






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






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






11. Unlawful toutching of another person






12. Occurs when a person can no lonnger function normally without regularly consuming alcohol






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






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






15. Continues forever






16. Criminal act & required state of mind






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






18. No consideration is recieved (only one person benefits)






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






20. Contributory negligence - comparative - assumption of risk






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






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






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






24. Seller






25. Removal or restraint of a person against their will






26. Seller






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






28. Doesnt constitute consideration everyone must follow the law






29. 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






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






31. Make sell use invention for 17 years






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






33. Make sell use invention for 17 years






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






35. Part of the plaintiff that asisted in causing his/hr injuries






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






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






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






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






40. Papers fied in courts by the plaintif and the defendant at the beginningof a suit






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






42. Doesnt constitute consideration everyone must follow the law






43. Continues for 10 years or may be renewed






44. 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






45. A person who dies without a will






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






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






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






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






50. Removal or restraint of a person against their will