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






2. 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






3. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






4. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






6. Need a set of laws so that commerce is possible; can't have different laws in every state for business. Uniform Commercial Code. Uniform Partnernship Act. Most states adopt them but not in the exact same form






7. Assumption of risk - Superseding cause - and contributory and comparative negligence.






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






9. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






10. An example that is used to justify similar occurrences at a later time






11. Wrongs






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






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






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






15. 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.






16. The government may not house soldiers in private homes without consent of the owner






17. A major provider of arbitration services






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






19. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






20. On the premises fr the potential financial benefit of the occupier






21. 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






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






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






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






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






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






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






28. 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.






29. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






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






31. Judges must abide by precedents in thier jurisdictions.






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






33. 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.






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






35. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






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






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






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






39. 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.






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






41. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






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






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






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






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






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






47. 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






48. A legal proceeding in a court






49. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






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