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






2. Injuring anothers rep by making false statements






3. Interfeerence with a persons right to be left alonne






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






5. Without moral standards or principles






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






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






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






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






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






11. Detention haring - adjudicatory hearing - disposal hearing






12. Taking under $300






13. An amendment or addition to a will






14. Stated in words and may be oral or written






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






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






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






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






19. Killing with aforethought






20. Substitution of one contract for another often used to settle an honest disagremment of amount






21. Criminal act & required state of mind






22. Made any agreement made on Sunday void.






23. A person who commits a tort






24. Killing with aforethought






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






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






27. For the greatest nmer of people afffected by an actoin. The more good that results the more ethical the action






28. Interfeerence with a persons right to be left alonne






29. Traditional usually 30 yr period






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






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






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






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






34. Must be planned in advance - cruel way - committed while perpetrating another crime - if none apply its 2nd degree






35. 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






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






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






38. Must be planned in advance - cruel way - committed while perpetrating another crime - if none apply its 2nd degree






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






40. Wrong against an induv.






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






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






43. Sudden killing person out of rage






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






45. Handwritten over printed






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






47. Offer - acceptance - genuine agreement - considration - capacity - legality






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






49. Life of author plus 50 years






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