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






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






3. 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






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






5. 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.






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






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






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






9. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






10. 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.






11. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






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






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






14. When the matter is between private parties the constitution laws do not apply. Between individuals and government organizations then constitutional laws apply.






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






16. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






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






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






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






20. 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.






21. 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






22. To be on the land of another without right or permission of the owner






23. Claims






24. 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.






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






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






27. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






28. A sum of money paid in compensation for loss or injury






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






30. 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






31. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






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






34. 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






35. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






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






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






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






39. 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.






40. 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






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






42. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






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






44. 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






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






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






47. A school of legal thought that views the law as a tool for promoting justice in society.






48. The rules governing the manner in which civil cases are brough in and progress through the federal courts






49. A major provider of arbitration services






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