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. 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.






2. To confirm priestly authority upon






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






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






5. (law) evidence sufficient to warrant an arrest or search and seizure






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






7. 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.






8. 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






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






10. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out






11. 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






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






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






14. Set of books containing published court decisions






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






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






17. Right to a trial by jury






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






19. 1066 in Britain - King William implemented this uniform legal system. He sent judges out to make rulings on cases - thus creating precedents. 1225 - the signing of the Magna Carta established the rule of law in England






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






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






22. A motion made by a party - during trial - claiming the opposing party has insufficient evidence to reasonably support its case






23. 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.






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






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






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






27. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






28. 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






29. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






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






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






32. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






33. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






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






35. Right to bear arms






36. 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






37. Authority shared by both federal and state courts






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






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






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






41. 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






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






43. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






44. 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






45. A legal proceeding in a court






46. 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






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






48. 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.






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






50. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization