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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. Jurisdiction based on claims against property






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.






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






4. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






5. Judges must abide by precedents in thier jurisdictions.






6. A condensed written summary or abstract






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






8. The courts that awarded compensation back in English Realm






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






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






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.






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






13. A clause in a contract providing for arbitration of disputes arising under the contract






14. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do






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.






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






17. 1. employee activity within scope of employment 2. employee is negligent






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






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.






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






21. The rules governing the manner in which civil cases are brough in and progress through the federal courts






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






23. A brief outline of what the defendant and the plaintiff will try to prove.






24. Is strict liability hold a claim if the product or service in question is...






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






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






27. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






28. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






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






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






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






33. Right to bear arms






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






35. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






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






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






38. Precedents are determined under stare decisis. Courts of law and courts or equity have been combined.






39. The power to speak the law.






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






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






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






43. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






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






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






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






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






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






50. Wrongs