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






2. Court in which wills are proved






3. Unlawful taking and carrying away personal property






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






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






6. Seller






7. Traditional usually 30 yr period






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






9. The activity of keeping something secret






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






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






12. Traditional usually 30 yr period






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






14. Can be touched (goods)






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






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






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






18. Unlawful and violent taking of personal property






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






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






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






22. An offer to do what you have agreed to do also known as tender of preformance






23. The principles of right and wrong that guide an individual in making decisions






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






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






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






27. Something that produces result - without it the result wouldnt of occured






28. Fraud






29. Decide wheather a person on trial is guilty or innocent






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






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






32. Handles suits against federal gov and disputes over taxes






33. Taking someones property by intentionally decieving that person






34. Stops one party from lying to anotherabout a promise






35. Stated in words and may be oral or written






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






37. False statement made orally to a 3rd party






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






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






40. 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






41. Criminal act & required state of mind






42. Tenant wrongfully stays on rental property after the tenancy ended






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






44. Injuring anothers rep by making false statements






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






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






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






48. Owner of property






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






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