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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. 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.






2. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






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






4. 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.






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






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






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






8. 1. Federal statute 2. Constitution(U.S.) 3. Diversity of Citizenship($75 -000 or more)






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






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






11. Right to a trial by jury






12. An order to appear in person at a given place and time






13. 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






14. 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






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






16. (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






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






18. Logical formula consisting of a major premise - a minor premise and a conclusion; deceptive or specious argument






19. 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






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






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






22. 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






23. 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.






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






25. 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.






26. The body of laws created by legislative statutes






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






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






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






30. 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.






31. The resolution of disputes wit hthe assitance of organizations that offer disputesresolution services via the internet.






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






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






34. A school of legal thought that views the law as a tool for promoting justice in society.






35. 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






36. 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.






37. 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






38. 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.






39. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






40. 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.






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






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






43. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






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






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






46. (law) a pleading made by a defendant in response to the plaintiff's replication






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






48. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






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






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