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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. Torts committed via the internet






2. 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.






3. Statements made by the plaintiff and the defendant in a lawsuit that detail the facts - charges - and defenses involved in the litigation. The complaint and answer are part of the pleadings.






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






5. 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






6. 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






7. 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






8. 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.






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






10. 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






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






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






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






14. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






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






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






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






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






19. Enforcable rules governing relationships among individuals and between individuals and thier society.






20. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






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






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






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






24. An order to appear in person at a given place and time






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






26. The party who appeals a decision of a lower court






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






28. Drawing a comparison in order to show a similarity in some respect






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






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






31. Protects you from unreasonable search and seizure of your home and property






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






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






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






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






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






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






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






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






40. 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






41. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






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






44. 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.






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






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






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






48. Law concerned with public wrongs against society






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






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