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






2. 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.






3. 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






4. 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






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






6. The courts that awarded compensation back in English Realm






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






8. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






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






10. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






11. 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.






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






13. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.






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






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






16. 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






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






18. 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.






19. Law concerned with public wrongs against society






20. The power to speak the law.






21. 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.






22. 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






23. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






24. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






25. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






26. Authority shared by both federal and state courts






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






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






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






30. Set of books containing published court decisions






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






32. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






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






34. 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.






35. 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.






36. The act of delivering a writ or summons upon someone






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






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






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






40. 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.






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






42. 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






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






44. The question of whether an issue lies within the authority and jurisdiction of the arbitrator. A matter may be declared non-arbitrable either because certain steps - timetables and procedures have not been followed prior to submitting it to arbitrati






45. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






46. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






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






48. 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.






49. The body of laws created by legislative statutes






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