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






2. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






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






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






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






6. Liability without fault. (Strict product liability)






7. 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






8. 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.






9. Ethical or unethical behaviors by employees in the context of their jobs






10. Party who defends an appeal






11. 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.






12. 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






13. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






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






15. The preponderance of evidence which means more likely then not.






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






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






18. 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.






19. 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






20. 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.






21. Propositions or general statements of equitable rules






22. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






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. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






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






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






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






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






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






31. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






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






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






34. Law concerned with private wrongs against individuals






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






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






37. Right to a trial by jury






38. 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






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






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






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






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






43. 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.






44. Someone who petitions a court for redress of a grievance or recovery of a right






45. A legal proceeding in a court






46. Jurisdiction based on claims against property






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






48. 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.






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






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