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. Unlawful and violent taking of personal property






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






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






4. 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






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






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






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






8. Life of author plus 50 years






9. Court in which wills are proved






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






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






12. False statement made orally to a 3rd party






13. Donor must intent to make a gift - gift must be delivered - donee must accept gift






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






15. Seller






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






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






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






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






20. Selecting a jury - opening statements - intro of evidence - closing arguments - instructions to the jury - verdict - judgement






21. Tenant






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






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






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






25. Interfearane with anothers enjoyment of life or property






26. Unlawful killing of another human being with out malice aforethought






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






28. Made any agreement made on Sunday void.






29. Without moral standards or principles






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






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






32. Tenant






33. Fraud






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






35. Laws based on England and custom






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






37. Female who makes the will






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






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






40. Leagal doc containing a short and plain statement against the defendaant the clerk of courts issue a summons notice to the defendant that a lawsuit has begun






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






42. Leagal doc containing a short and plain statement against the defendaant the clerk of courts issue a summons notice to the defendant that a lawsuit has begun






43. Fixed intrest rate buy monthly rates






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






45. Right to use water from waterway on property






46. Sudden killing person out of rage






47. Handles suits against federal gov and disputes over taxes






48. Interfearane with anothers enjoyment of life or property






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






50. Requires that the landlord make those repairds necessary to keep the premisies fit