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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 question asked to determine what is true or to what extent something is true






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






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






4. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






5. 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.






6. Right to a trial by jury






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






8. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






9. 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.






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






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






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






13. 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






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






15. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






16. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






17. 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.






18. 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






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






20. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






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






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






23. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






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






25. Assumption of risk - Superseding cause - and contributory and comparative negligence.






26. Judges must abide by precedents in thier jurisdictions.






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






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






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






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






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






32. 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






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






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






35. 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.






36. Law concerned with private wrongs against individuals






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






38. 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.






39. A legal proceeding in a court






40. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






41. 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






42. A major provider of arbitration services






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






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






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






46. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






47. An act or omission without which an event would not have occurred.






48. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






49. 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






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