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. A written instrument by which the borrower pledges real property to the lender






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






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






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






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






6. Holds bailors property for specific time/service






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






8. Make sell use invention for 17 years






9. Pledges and subscriptions to charities






10. One which both the bailor and the bailee recieve some benefit






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






12. False statements in written or printed form that injures anothers rep






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






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






15. Written accusation charging suspect with crime






16. Involves values that govern a societys attitude toward right and wrong






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






18. Handwritten over printed






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






20. A person who dies without a will






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






22. Handwritten over printed






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






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






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






26. Cant be touched - copy right






27. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






28. Unlawful and violent taking of personal property






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






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






31. Handle estates of the deceased






32. Court in which wills are proved






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






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






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






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






37. Make sell use invention for 17 years






38. Doesnt constitute consideration everyone must follow the law






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






40. False statements in written or printed form that injures anothers rep






41. Owner of property






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






43. Only entitled to reward if you know about it






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






45. Court in which wills are proved






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






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






48. The activity of keeping something secret






49. Doesnt constitute consideration everyone must follow the law






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