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. Traditional usually 30 yr period






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






3. Taking under $300






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






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






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






7. Entering a b uliding to commit a crime






8. Occurs when you transfer part of the term of a lease - but not the remainder of it - to someone else






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






10. Detention haring - adjudicatory hearing - disposal hearing






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






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






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






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






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






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






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






18. Made any agreement made on Sunday void.






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






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






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






22. Unauthorized taking or borrowing of personal property






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






24. Written accusation charging suspect with crime






25. Interfearane with anothers enjoyment of life or property






26. Says that evidence of an oral statement made before signing a written agreement cannot be presented in court






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






28. Stated in words and may be oral or written






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






30. Tenant






31. Takes place when a person leaves his/her property in anothers possession






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






33. A person who dies without a will






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






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






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






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






38. Takes place when a person leaves his/her property in anothers possession






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






40. Only entitled to reward if you know about it






41. Continues for 10 years or may be renewed






42. The fee paid to a lender when borowing money






43. Right to use water from waterway on property






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






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






46. Detention haring - adjudicatory hearing - disposal hearing






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






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






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






50. Fixed intrest rate buy monthly rates