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. Any source of law that a court must follow when deciding a case. This includes constitutions - statues - and regulations - that govern the issue being decided - as well as previous court decisions in the same jurisdiction.






2. Law concerned with private wrongs against individuals






3. (law) the initial questioning of a witness by the party that called the witness






4. (law) the right and power to interpret and apply the law






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






6. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






7. The body of laws created by legislative statutes






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






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






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






11. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






12. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






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






14. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






15. An amendment to the Constitution of the United States guaranteeing the right of free expression






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






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






18. An act or omission without which an event would not have occurred.






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






20. The courts that awarded compensation back in English Realm






21. Occurs when one party to a contract is not given full or accurate information by the other party about the contract subject matter - Intentional misrepresentation of material fact - reasonably relied on by plaintiff resulting in damages






22. 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






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






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






25. A legal proceeding in a court






26. A court will award money or other relief to a party injured by a breach of contract






27. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






28. Ethical or unethical behaviors by employees in the context of their jobs






29. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






30. Claims






31. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






33. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.






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






35. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






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






37. 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






38. Courts that handle cases that involve less than $5000






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






40. A reference to or a quotation from an authority






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






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






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






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






45. Enforcable rules governing relationships among individuals and between individuals and thier society.






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






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






48. Supreme Court followed by the U.S. Court of Appeals and The highest state courts. Then followed by federal administrative agencies. U.S. District Courts - Specialized U.S. Courts(bankruptcy courts - court of Federal claims - court of international tr






49. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






50. 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