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






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






3. Protects you from unreasonable search and seizure of your home and property






4. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






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






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






7. A legal proceeding in a court






8. 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.






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






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






11. 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






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






13. 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






14. 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






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






16. Previously decided cases that are as similar as possible to the one under consideration






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






18. Wrongs






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






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






21. Party who defends an appeal






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






23. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






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






25. 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






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






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






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






29. A condensed written summary or abstract






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






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






32. Set of books containing published court decisions






33. Judges must abide by precedents in thier jurisdictions.






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






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






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






37. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)






38. Liability without fault. (Strict product liability)






39. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






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






41. 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.






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






43. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself






44. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






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






46. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






47. 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.






48. 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






49. (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






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