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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. 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






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






3. Propositions or general statements of equitable rules






4. Judges must abide by precedents in thier jurisdictions.






5. 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






6. 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






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






8. 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






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






10. A nonbinding process in which attorneys for both sides present synopses of their cases to a jury - which renders an advisory opinion on the basis of these presentations






11. Law concerned with public wrongs against society






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






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






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






15. 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






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






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






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






19. The body of rules and regulations and orders and decisions created by administrative agencies of government






20. 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






21. On the premises fr the potential financial benefit of the occupier






22. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






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






24. A reference to or a quotation from an authority






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






26. A common law writ issued by a superior court to one of inferior jurisdiction demanding the record of a particular case






27. 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






28. The courts that awarded compensation back in English Realm






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






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






31. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






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






33. The preponderance of evidence which means more likely then not.






34. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)






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






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






37. The party who appeals a decision of a lower court






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






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






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






41. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






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






43. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






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






45. Any source of law that a court must follow when deciding a case. This includes constitutions - statues - and regulations - that govern the issue being decided - as well as previous court decisions in the same jurisdiction.






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






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






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






49. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






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