Test your basic knowledge |

Business Law Test

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. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)






2. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






3. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






4. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






5. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






6. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






7. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






8. A condensed written summary or abstract






9. A body of rulings made by judges that become part of a nation's legal system






10. Right to bear arms






11. Private proceeding in which each party to a dispute argues its position before the other side - and vice versa. A neutral third party may be present and act as an adviser if the parties fail to reach an agreement






12. (law) a pleading made by a defendant in response to the plaintiff's replication






13. A defendant's answer or plea denying the truth of the charges against him






14. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






15. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






16. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






17. An ethical principle that holds that you should never take any action that infringes on others; agreed-upon rights






18. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






19. Right to a trial by jury






20. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






21. Party who defends an appeal






22. Statements made by the plaintiff and the defendant in a lawsuit that detail the facts - charges - and defenses involved in the litigation. The complaint and answer are part of the pleadings.






23. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






24. A brief outline of what the defendant and the plaintiff will try to prove.






25. The body of conventional - or written - law of a particular society at a particular point in time.






26. (civil law) a law established by following earlier judicial decisions






27. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






28. If the injured party can be made whole by receiving something of economic value - the remedy is a legal remedy [damages] - if a remedy at law is inadequate - a litigant may seek a remedy in equity - which involves notions of fair dealing and justice






29. Contracts - Sales - Negotiable instruments - creditos rights - intellectual property - e-commerce - product liability - torts - agency - business organizations - professional liability - courts and court procedures.






30. Wrongs






31. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






32. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






33. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






34. The courts that awarded compensation back in English Realm






35. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






36. Economic model that compares the marginal costs and marginal benefits of a decision






37. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






38. A form of alternative dispute resolution in which a neutral third party evaluates the strengths and weakness of the disputing parties' positions; the evaluator's opinion forms the basis for negotiating a settlement.






39. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






40. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






41. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






42. A clause in a contract providing for arbitration of disputes arising under the contract






43. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






44. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






45. The preponderance of evidence which means more likely then not.






46. The clause in the Constitution (Article I - Section 8 - Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.






47. Three remedies known as land - items of value - or money






48. A major provider of arbitration services






49. (accident - breach of contract - or other event) > Party consults with Attorney(Initial client interview - signing of retainer agreement) > Informal investigation > Plaintiffs attorney files complaint > Defendant attorney files answer to complaint or






50. Relieve you of some liability when reasonable care is used