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. Courts that handle cases that involve less than $5000






2. A reference to or a quotation from an authority






3. Liability without fault. (Strict product liability)






4. Claims






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






6. 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






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






8. 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.






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






10. 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






11. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement






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






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






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






16. 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






17. Propositions or general statements of equitable rules






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






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






20. Wrongs






21. Authority shared by both federal and state courts






22. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






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






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






25. 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.






26. Set of books containing published court decisions






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






28. 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






29. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






30. 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






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






32. 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.






33. Right to a trial by jury






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






35. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






36. The publication of false information about another's product - alleging that it is not what its seller claims.






37. The power to speak the law.






38. 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.






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






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






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






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






43. 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.






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






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






46. 1. Federal statute 2. Constitution(U.S.) 3. Diversity of Citizenship($75 -000 or more)






47. 1. Resident 2. (while within boundaries of state) 3. Long arm statue.






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






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






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