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






2. 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.






3. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






4. 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.






5. 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






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






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






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






9. The body of laws created by legislative statutes






10. 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






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






12. Right to bear arms






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






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






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






16. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






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






18. Claims






19. Wrongs






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






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






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






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






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






25. To be on the land of another without right or permission of the owner






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






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






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






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






30. 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.






31. Law concerned with public wrongs against society






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






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






34. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






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






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






37. 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.






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






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






40. 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






41. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






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






43. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






44. Occurs when one party to a contract is not given full or accurate information by the other party about the contract subject matter - Intentional misrepresentation of material fact - reasonably relied on by plaintiff resulting in damages






45. 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.






46. 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






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






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






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






50. 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