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 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






2. 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






3. The courts that awarded compensation back in English Realm






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






5. Claims






6. 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.






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






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






9. Propositions or general statements of equitable rules






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






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






12. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






13. 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






14. The process by which the parties in a dispute submit their difference to the judgment of an impartial person or group appointed by mutual consent






15. 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.






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






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






18. (accident - breach of contract - or other event) > Party consults with Attorney(Initial client interview - signing of retainer agreement) > Informal investigation > Plaintiffs attorney files complaint > Defendant attorney files answer to complaint or






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






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






21. 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






22. 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






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






24. 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






25. Specific length of time an individual can sue for injury resulting from negligence






26. The power to speak the law.






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






28. Set of books containing published court decisions






29. The act of changing location from one place to another






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






31. Three remedies known as land - items of value - or money






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






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






34. 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.






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






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






37. 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






38. The First Amendment guarantee that the government will not create and support an official state church






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






40. 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.






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






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






43. A condensed written summary or abstract






44. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






46. 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.






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






48. 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






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






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