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






2. (law) the right and power to interpret and apply the law






3. Ethical or unethical behaviors by employees in the context of their jobs






4. An amendment to the Constitution of the United States guaranteeing the right of free expression






5. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






6. Part of the 14th Amendment which guarentees that no state deny basic rights to its people






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






8. Courts that handle cases that involve less than $5000






9. Contracts - Sales - Negotiable instruments - creditos rights - intellectual property - e-commerce - product liability - torts - agency - business organizations - professional liability - courts and court procedures.






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






11. Clause in the Constitution (Article IV - Section 1) requiring each state to recognize the civil judgments rendered by the courts of the other states and to accept their public records and acts as valid






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






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






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






16. A reference to or a quotation from an authority






17. Propositions or general statements of equitable rules






18. 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






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






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






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






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






23. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated






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






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






26. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement






27. 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






28. 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






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






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






31. 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.






32. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






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






34. 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.






35. Liability without fault. (Strict product liability)






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






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






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






39. 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.






40. 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.






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






42. Law concerned with public wrongs against society






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






44. 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






45. The power to speak the law.






46. 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






47. 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






48. Torts committed via the internet






49. To confirm priestly authority upon






50. 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.