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. Actions involving more than 50000 between citizens of different states






2. 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






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






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






5. A person who commits a tort






6. Stops one party from lying to anotherabout a promise






7. Tenancy that automatically continues for a successive amount of time






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






9. Only entitled to reward if you know about it






10. Landlord






11. Faslse making or changing of writing intent to defraud






12. A person who commits a tort






13. Handle estates of the deceased






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






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






16. Landlord






17. If someone is already under a legal duty to do something promise is not needed






18. Wrong against an induv.






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






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






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






22. Holds bailors property for specific time/service






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






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






25. Handle estates of the deceased






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






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






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






29. Interfeerence with a persons right to be left alonne






30. Make sell use invention for 17 years






31. A tenant has the right to quiet enjoyment






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






33. An amendment or addition to a will






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






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






36. Continues forever






37. Nail place - hair place-license to do a job






38. Transfers a sellers intrest in property but does not warrant that sellers owns any interst






39. Life of author plus 50 years






40. Being issued a driverrs license is a privledge not a right






41. Sudden killing person out of rage






42. The activity of keeping something secret






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






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






45. An act against the public good - punishable by a fine - imprisonment or both






46. The fee paid to a lender when borowing money






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






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






49. Continues for 10 years or may be renewed






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