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






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






3. 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.






4. Law concerned with private wrongs against individuals






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






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






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






8. 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






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






10. A defendant's answer or plea denying the truth of the charges against him






11. 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






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






13. 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






14. Law that involves the interpretation and application of the U.S. Constitution and state constitutions






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






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






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






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






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. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






21. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






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






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






24. Jurisdiction based on claims against property






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






26. A major provider of arbitration services






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






28. 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.






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






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






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






32. A condensed written summary or abstract






33. Party who defends an appeal






34. The idea that the goal of society should be the greatest happiness for the greatest number of its citizens






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






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






37. The power to speak the law.






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






39. 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.






40. 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






41. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






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






43. When the matter is between private parties the constitution laws do not apply. Between individuals and government organizations then constitutional laws apply.






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






45. Claims






46. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






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






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






49. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






50. Liability without fault. (Strict product liability)