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






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






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






4. Laws based on England and custom






5. Female who makes the will






6. 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






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






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






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






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






11. The fee paid to a lender when borowing money






12. Gives buyer most protection






13. Taking under $300






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






15. Property found in public place






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






17. Unlawful toutching of another person






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






19. Buyer






20. Contributory negligence - comparative - assumption of risk






21. False statement made orally to a 3rd party






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






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






24. Life of author plus 50 years






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






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






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






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






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






30. Unlawful and violent taking of personal property






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






32. Only entitled to reward if you know about it






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






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






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






36. Continues forever






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






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






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






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






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






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






43. Killing with aforethought






44. An offer to do what you have agreed to do also known as tender of preformance






45. Continues for 10 years or may be renewed






46. Female who makes the will






47. Handwritten over printed






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






49. Removal or restraint of a person against their will






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