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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. State courts that handle only matters relating to the transfer of a person's assets and obligations after that person's death - including issues relating to custody and guardianship of children






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






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






4. 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






5. Claims






6. The power to speak the law.






7. A legal proceeding in a court






8. A reference to or a quotation from an authority






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






10. 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






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






12. 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.






13. 1. employee activity within scope of employment 2. employee is negligent






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






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






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






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






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






19. A major provider of arbitration services






20. 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






21. Judges must abide by precedents in thier jurisdictions.






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






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






24. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






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






26. 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.






27. Right to a trial by jury






28. Wrongs






29. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






30. 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.






31. 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.






32. Right to bear arms






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






34. 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.






35. A court will award money or other relief to a party injured by a breach of contract






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






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






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






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






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






41. The government may not house soldiers in private homes without consent of the owner






42. 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






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






44. 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.






45. Private proceeding in which each party to a dispute argues its position before the other side - and vice versa. A neutral third party may be present and act as an adviser if the parties fail to reach an agreement






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






47. A claim filed in opposition to another claim in a legal action






48. 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.






49. 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.






50. 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