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Test your basic knowledge |
Business Law Test
Start Test
Study First
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. Jurisdiction based on claims against property
Appellee
State and Federal Court Systems
In rem jurisdiction
Small Claims courts
2. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.
Appellee
Trade libel
Statues of limitation
Disparagement of property
3. The course of action the government takes in response to an issue or problem as deemed by widely held belief.
Public Policy
Remedies
tilitarinism
Eighth Amendment
4. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.
Eighth Amendment
Comparative negligence
voir dire
Areas of Law that may affect business decision making
5. Judges must abide by precedents in thier jurisdictions.
Case Precedents and the doctrine of stare decisis
Historical school
Probate courts
Areas of Law that may affect business decision making
6. A condensed written summary or abstract
Brief
Seventh Amendment
Mini-trial
Remedies
7. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.
Exclusive Jurisdiction
Motion for judgement as a matter of law
Bill of Rights
Courts of equity
8. The courts that awarded compensation back in English Realm
Rejoinder
Courts of law
positive law
Corporate social responsibility
9. If the injured party can be made whole by receiving something of economic value - the remedy is a legal remedy [damages] - if a remedy at law is inadequate - a litigant may seek a remedy in equity - which involves notions of fair dealing and justice
Defense
Closing argument
Legal and Equitable Remedies
State Jurisdiction
10. 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
Arbitrability
Appellant
positivist school
Federal Rules of Civil Procedure
11. 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.
positivist school
Administrative agency
Justicable controversy
Categorical imperative
12. 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
Courts of equity
Defenses to negligence
Origins Of Common Law
Arbitration clause
13. A clause in a contract providing for arbitration of disputes arising under the contract
Award
Arbitration clause
Pleadings
Strict liability
14. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do
Public Policy
Direct examination
jurisprudence
Stare Decisis and legal Reasoning
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.
Commerce clause
Administrative law
Absolute bar
Federal Jurisdiction
16. A court will award money or other relief to a party injured by a breach of contract
Causation in fact
Remedies
Sixth Amendment
Mini-trial
17. 1. employee activity within scope of employment 2. employee is negligent
Common law
Respondent Superior
Trade libel
Remedies of Law
18. (law) the right and power to interpret and apply the law
Jurisdiction
Pretrial motions
importance of common law
Seventh Amendment
19. 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.
Early neutral case evaluation
Affirmative defense
Compensatory damages
Disparagement of property
20. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction
Commerce clause
Contributory negligence
Federal question
Appellee
21. The rules governing the manner in which civil cases are brough in and progress through the federal courts
Cases on point
Federal Rules of Civil Procedure
positivist school
Analogy
22. Jurisdiction that exists when a case can be heard only in a particular court or type of court.
Exclusive Jurisdiction
Litigation
Slander of title
Tenth Amendment
23. A brief outline of what the defendant and the plaintiff will try to prove.
Comparative negligence
Binding authority
Opening statements
Case law
24. Is strict liability hold a claim if the product or service in question is...
abnormally dangerous
Exclusive Jurisdiction
Standing to sue
Business Ethics
25. Highest official of a monarch. Granted new an unique remedies.
Assumption of risk
Chancellor
positive law
Contributory negligence
26. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system
Closing argument
Arbitration
Stare Decisis and legal Reasoning
Historical school
27. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.
abnormally dangerous
Motion for a new trial
Constitutional Law
Strict product liability
28. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.
Statutory Law
Courts of law
Equitable maxims
voir dire
29. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power
abnormally dangerous
Comparative negligence
Checks and balances
Pretrial motions
30. 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
Negotiation
Checks and balances
In rem jurisdiction
Online dispute resolution
31. Ethical or unethical behaviors by employees in the context of their jobs
Business Ethics
Alleges
Fifth Amendment
Defenses to negligence
32. 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
jurisprudence
Assumption of risk
State and Federal Court Systems
Complaint
33. Right to bear arms
Probable cause
Summary jury trials
Torts(Wrongs)
Second Amendment
34. 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
establishment clause
fradulent Misrepresentation
Litigation
Justicable controversy
35. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.
Rules of evidence
Federal form of government
Res ipsa loquitur
Online dispute resolution
36. Rules governing the admissibility of evidence in trial courts.
Rules of evidence
Opening statements
voir dire
Alternative dispute resolution
37. Doctrine under which a person cannot recover for injuries received from a dangerous activity to which she voluntarily exposed herself
Pleadings
in personam jurisdiction
Assumption of risk
diversity of citizenship
38. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.
importance of common law
Filtering software
jurisprudence
Stare Decisis and legal Reasoning
39. The power to speak the law.
Administrative agency
Rule of four
Affirmative defense
Jurisdiction
40. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened
Proximate cause
jurisprudence
Res ipsa loquitur
positive law
41. Specific length of time an individual can sue for injury resulting from negligence
Rebuttal
Statues of limitation
Historical school
Independent regulatory agencies
42. 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
Legal reasoning
Probable cause
Motion
Trespass to personal property
43. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society
Long arm statue
Early neutral case evaluation
Natural law
abnormally dangerous
44. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief
laches
Justicable controversy
Natural law
Cost-benefit analysis
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
Motion for a new trial
Mini-trial
Ninth Amendment
Full faith and credit clause
46. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)
Default judgement
Direct examination
Complaint
Defense
47. An ethical principle that holds that you should never take any action that infringes on others; agreed-upon rights
American Arbitration Association
Long arm statue
Motion for a directed verdict
Principle of rights
48. (law) the initial questioning of a witness by the party that called the witness
Trespass to personal property
Direct examination
Arbitration clause
Long arm statue
49. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated
Pretrial motions
Standing to sue
Federal form of government
Compensatory damages
50. Wrongs
Criminal law
Absolute bar
Symbolic speech
Torts(Wrongs)