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






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






3. Wrong against an induv.






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






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






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






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






8. A promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






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






10. Unlawful toutching of another person






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






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






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






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






15. Written accusation charging suspect with crime






16. Injuring anothers rep by making false statements






17. Taking under $300






18. 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






19. Gives buyer most protection






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






21. Papers fied in courts by the plaintif and the defendant at the beginningof a suit






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






23. Tenant wrongfully stays on rental property after the tenancy ended






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






25. For the greatest nmer of people afffected by an actoin. The more good that results the more ethical the action






26. Made any agreement made on Sunday void.






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






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






29. Accused brought to court - read indictment - asked to plead guilty or not guilty






30. Continues for 10 years or may be renewed






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






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






33. False statement made orally to a 3rd party






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






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






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






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






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






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






40. Make sell use invention for 17 years






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






42. A person who commits a tort






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






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






45. Contributory negligence - comparative - assumption of risk






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






47. Traditional usually 30 yr period






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






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






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