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






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






3. 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.






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






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






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






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






8. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






9. 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.






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






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






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






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






14. The question of whether an issue lies within the authority and jurisdiction of the arbitrator. A matter may be declared non-arbitrable either because certain steps - timetables and procedures have not been followed prior to submitting it to arbitrati






15. A common law writ issued by a superior court to one of inferior jurisdiction demanding the record of a particular case






16. 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






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






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






19. 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






20. 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)






21. 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.






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






23. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






24. 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.






25. Right to a trial by jury






26. When the matter is between private parties the constitution laws do not apply. Between individuals and government organizations then constitutional laws apply.






27. The reasoning process used by judges in deciding what law applies to a given dispute and then applying that law to the specific facts or circumstances of the case






28. The power to speak the law.






29. 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






30. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






31. 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.






32. 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.






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






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






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






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






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






38. The courts that awarded compensation back in English Realm






39. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






40. Law concerned with private wrongs against individuals






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






42. A major provider of arbitration services






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






44. 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






45. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






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






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






48. 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.






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






50. A reference to or a quotation from an authority







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