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






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






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






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






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






6. 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.






7. To confirm priestly authority upon






8. (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






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






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






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






12. The principle pleading by the defendant in response to plaintiff's complaint






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






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






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






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






17. A reference to or a quotation from an authority






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






19. Specific length of time an individual can sue for injury resulting from negligence






20. Propositions or general statements of equitable rules






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






22. 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






23. 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






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






25. 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






26. 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.






27. 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.






28. 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.






29. Set of books containing published court decisions






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






31. Evidence tending to make a fact at issue in the case more or less probable than it would be without the evidence. Only relevant evidence is admissible in court.






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






33. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






34. 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






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






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






37. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system






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






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






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






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






42. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






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






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






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






46. 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






47. 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






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






49. 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.






50. 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