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






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






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






4. The fee paid to a lender when borowing money






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






6. Papers fied in courts by the plaintif and the defendant at the beginningof a suit






7. The activity of keeping something secret






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






9. Buyer






10. Holds bailors property for specific time/service






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






12. A person who commits a tort






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






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






15. Criminal act & required state of mind






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






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






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






19. Only entitled to reward if you know about it






20. The activity of keeping something secret






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






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






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






24. Handles cases involving large amounts of money






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






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






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






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






29. Gives buyer most protection






30. Property right to make use of land beloning to another






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






32. Property found in public place






33. Without moral standards or principles






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. Have original jurisdiction - the authority to try a case the first time its heard






36. Taking under $300






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






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






39. Unauthorized taking or borrowing of personal property






40. Cant be touched - copy right






41. Original work in a tangible medium of expression






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






43. Continues for 10 years or may be renewed






44. Handles suits against federal gov and disputes over taxes






45. Intermediate courts have authority to hear appeals and review cases from lower courts - they have appeleate jurisdiction






46. Unlawful taking and carrying away personal property






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






48. A tenant has the right to quiet enjoyment






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






50. Wrong against an induv.