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






2. A body of rulings made by judges that become part of a nation's legal system






3. The reasoning process used by judges in deciding what law applies to a given dispute and then applying that law to the specific facts or circumstances of the case






4. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






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






6. The power to speak the law.






7. 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.






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






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






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






11. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.






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






13. A reference to or a quotation from an authority






14. 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






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






16. Propositions or general statements of equitable rules






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






18. Rules governing the admissibility of evidence in trial courts.






19. 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






20. 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






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






22. An act or omission without which an event would not have occurred.






23. Contracts - Sales - Negotiable instruments - creditos rights - intellectual property - e-commerce - product liability - torts - agency - business organizations - professional liability - courts and court procedures.






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






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






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






27. 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.






28. Law concerned with public wrongs against society






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






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






31. A legal proceeding in a court






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






33. 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






34. 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.






35. Motion to dismiss - motion for judgment on the pleadings - motion of summary judgement(amont others - motion to strike - motion to make more definite and certain - motion for judgement on the pleadings - motion to compel discovery - motion for summar






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






37. 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.






38. 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






39. 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.






40. Law concerned with private wrongs against individuals






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






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






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






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






45. Right to bear arms






46. Jurisdiction based on claims against property






47. 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






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






49. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






50. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.







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