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. Only entitled to reward if you know about it






2. Accused brought to court - read indictment - asked to plead guilty or not guilty






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






4. Pledges and subscriptions to charities






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






6. Tom ake consumers aware of borrowing money the federal gov passed this






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






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






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






10. The activity of keeping something secret






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






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






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






14. Taking someones property by intentionally decieving that person






15. Owner of property






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






17. Handles suits against federal gov and disputes over taxes






18. Fraud






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






20. A person who dies without a will






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






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






23. Tenant






24. Can be touched (goods)






25. A person who dies without a will






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






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






28. Make sell use invention for 17 years






29. Make sell use invention for 17 years






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






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






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






33. A person who commits a tort






34. Property found in public place






35. Stated in words and may be oral or written






36. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






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






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






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






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






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






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






43. Written accusation charging suspect with crime






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






45. Tenant






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






47. Not doing something you have a legal right to do






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






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






50. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)