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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. Property found in public place






2. Down payment intrest rate stays the same throughout life of a morgage






3. Written accusation charging suspect with crime






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






5. Unjust taking of money or thing of value by a public offical






6. An outcome that was planned - although the person involved may not have believed that the intended outcome would be harmful to the other person.






7. Handles suits against federal gov and disputes over taxes






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






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






10. Landlord






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






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






13. Failure to act with the prudence that a reasonable person would exercise under the same circumstances






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






15. Female who makes the will






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






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






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






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






20. Preclude 'a person from denying or asserting anything to the contrary of that which has - in contemplation of law - been established as the truth - either by the acts of judicial






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






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






23. Minor who has done something that would not be a crime if it were done by an adult






24. Minor who has done something that would not be a crime if it were done by an adult






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






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






27. A tenant has the right to quiet enjoyment






28. Injuring anothers rep by making false statements






29. Stated in words and may be oral or written






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






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






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






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






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






35. Doesnt constitute consideration everyone must follow the law






36. Gives buyer most protection






37. Removal or restraint of a person against their will






38. Fraud






39. Taking under $300






40. Seller






41. Preclude 'a person from denying or asserting anything to the contrary of that which has - in contemplation of law - been established as the truth - either by the acts of judicial






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






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






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






45. Holds bailors property for specific time/service






46. Killing with aforethought






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






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






49. Handwritten over printed






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







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