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






2. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






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






4. 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.






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






6. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






7. The act of changing location from one place to another






8. Protects you from unreasonable search and seizure of your home and property






9. Highest official of a monarch. Granted new an unique remedies.






10. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






11. Liability without fault. (Strict product liability)






12. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






13. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






14. 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.






15. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do






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






17. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated






18. A system of government in which the states form a union and the sovereign power is divided between the central government and the member states






19. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






20. A wrongful act that the actor had no right to do






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






22. A claim filed in opposition to another claim in a legal action






23. (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






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






25. 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






26. The process by which the parties in a dispute submit their difference to the judgment of an impartial person or group appointed by mutual consent






27. Rules governing the admissibility of evidence in trial courts.






28. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






29. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






30. 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.






31. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






32. The courts that awarded compensation back in English Realm






33. 1. Federal statute 2. Constitution(U.S.) 3. Diversity of Citizenship($75 -000 or more)






34. Claims






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






36. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






37. The location where something takes place - esp. a trial






38. The act of delivering a writ or summons upon someone






39. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






40. A question asked to determine what is true or to what extent something is true






41. Law concerned with public wrongs against society






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






43. The power to speak the law.






44. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






45. The body of laws created by legislative statutes






46. The question of whether an issue lies within the authority and jurisdiction of the arbitrator. A matter may be declared non-arbitrable either because certain steps - timetables and procedures have not been followed prior to submitting it to arbitrati






47. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






48. A statement of fundamental rights and privileges (especially the first ten amendments to the United States Constitution)






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






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