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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. 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






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






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






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






5. A major provider of arbitration services






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






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






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






9. Judges must abide by precedents in thier jurisdictions.






10. Party who defends an appeal






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






12. 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






13. (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






14. Set of books containing published court decisions






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






16. 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






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






18. 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






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






20. Jurisdiction based on claims against property






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






22. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






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






24. Law concerned with public wrongs against society






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






26. 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.






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






28. 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.






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






30. 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.






31. Drawing a comparison in order to show a similarity in some respect






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






33. Authority shared by both federal and state courts






34. The courts that awarded compensation back in English Realm






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






36. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






37. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






38. Propositions or general statements of equitable rules






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






40. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






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






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






43. 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






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






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






46. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






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






48. An example that is used to justify similar occurrences at a later time






49. 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.






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