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. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






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






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






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






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






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






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






8. (law) evidence sufficient to warrant an arrest or search and seizure






9. 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






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






11. A condensed written summary or abstract






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






13. Liability without fault. (Strict product liability)






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






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






16. 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.






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






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






19. 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






20. The publication of a statement that denies or casts doubt on another's legal ownership of any property - causing financial loss to that property's owner.






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






22. 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






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






24. 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.






25. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






26. Judges must abide by precedents in thier jurisdictions.






27. (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






28. 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.






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






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






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






32. Relieve you of some liability when reasonable care is used






33. 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






34. A reference to or a quotation from an authority






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






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






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






38. 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.






39. 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)






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






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






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






43. 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






44. 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.






45. 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.






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






47. 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






48. 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






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






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