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 promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






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






3. Property found in public place






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






5. Unauthorized taking or borrowing of personal property






6. The activity of keeping something secret






7. A person who dies without a will






8. Revocation - rejection - counter offer - experation of time






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






10. Buyer






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






12. Handle estates of the deceased






13. Fraud






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






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. The activity of keeping something secret






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






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






19. Owner of property






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






21. Handles suits against federal gov and disputes over taxes






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






23. Revocation - rejection - counter offer - experation of time






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






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






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






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






28. Taking under $300






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






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






31. Female who makes the will






32. Owner of property






33. Pledges and subscriptions to charities






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






35. Limited jurisdictions in minor matters such as misdemeanors and civil actions involving small amounts of money






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






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






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






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






40. Tenancy that automatically continues for a successive amount of time






41. Female who makes the will






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






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






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






45. Can be touched (goods)






46. Contributory negligence - comparative - assumption of risk






47. VOID






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






49. False statement made orally to a 3rd party






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