Test your basic knowledge |

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






2. Liability without fault. (Strict product liability)






3. A condensed written summary or abstract






4. 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.






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






6. 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






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






8. 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.






9. 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






10. 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






11. 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






12. Relieve you of some liability when reasonable care is used






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






14. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






15. The body of conventional - or written - law of a particular society at a particular point in time.






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






17. 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






18. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






19. The location where something takes place - esp. a trial






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






21. The act of changing location from one place to another






22. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






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






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






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






26. 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






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






28. 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






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






30. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






31. An order to appear in person at a given place and time






32. Torts committed via the internet






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






34. The government may not house soldiers in private homes without consent of the owner






35. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






36. The principle pleading by the defendant in response to plaintiff's complaint






37. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






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






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






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






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






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






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






44. Judges must abide by precedents in thier jurisdictions.






45. 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






46. Jurisdiction based on claims against property






47. Party who defends an appeal






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






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






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