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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. Law concerned with public wrongs against society






2. (accident - breach of contract - or other event) > Party consults with Attorney(Initial client interview - signing of retainer agreement) > Informal investigation > Plaintiffs attorney files complaint > Defendant attorney files answer to complaint or






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






4. 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






5. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






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






7. 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.






8. A legal proceeding in a court






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






10. 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






11. Propositions or general statements of equitable rules






12. Enforcable rules governing relationships among individuals and between individuals and thier society.






13. 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.






14. 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






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






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






17. 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.






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






19. Negate the claim of negligence(assumption of risk - superceding intervening clause)






20. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






21. 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






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






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






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






25. Judges must abide by precedents in thier jurisdictions.






26. Torts committed via the internet






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






28. Evidence tending to make a fact at issue in the case more or less probable than it would be without the evidence. Only relevant evidence is admissible in court.






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






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






31. 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.






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






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






34. Someone who petitions a court for redress of a grievance or recovery of a right






35. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






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






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






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






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






40. The courts that awarded compensation back in English Realm






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






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






43. 1. That the defendant owed a duty of care to the plaintiff. 2. The the defendant breached that duty. 3. That the defendant's breach caused the plaintiff's injury. 4. That the defendants breach caused the plaintiff's injury and that injury was forseea






44. Claims






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






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






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






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






49. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






50. 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