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. Right to bear arms






2. 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.






3. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






4. Judges must abide by precedents in thier jurisdictions.






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






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






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






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






9. 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.






10. The publication of false information about another's product - alleging that it is not what its seller claims.






11. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






13. Set of books containing published court decisions






14. Law concerned with public wrongs against society






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






16. 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






17. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






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






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






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






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






22. To confirm priestly authority upon






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






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






25. 1066 in Britain - King William implemented this uniform legal system. He sent judges out to make rulings on cases - thus creating precedents. 1225 - the signing of the Magna Carta established the rule of law in England






26. Authority shared by both federal and state courts






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






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






29. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






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






31. Jurisdiction based on claims against property






32. 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






33. Is strict liability hold a claim if the product or service in question is...






34. Propositions or general statements of equitable rules






35. 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






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






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






38. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






39. 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.






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






41. A school of legal thought centered on the assumption that there is no law higher then the laws created by the government. Laws must be obeyed - even if they are unjust - to prevent anarchy.






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






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






44. (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






45. Part of the 14th Amendment which guarentees that no state deny basic rights to its people






46. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






47. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






48. Previously decided cases that are as similar as possible to the one under consideration






49. Negate the claim of negligence(assumption of risk - superceding intervening clause)






50. State courts that handle only matters relating to the transfer of a person's assets and obligations after that person's death - including issues relating to custody and guardianship of children