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






2. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






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






4. 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.






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






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






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






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






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






10. Wrongs






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






12. 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






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






14. A major provider of arbitration services






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






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






17. 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






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






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






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






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






22. Propositions or general statements of equitable rules






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






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






25. A warrant authorizing law enforcement officials to search for objects or people involved in the commission of a crime and to produce them in court






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






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






28. Right to a trial by jury






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






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






31. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






32. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






33. A question asked to determine what is true or to what extent something is true






34. 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.






35. 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.






36. 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.






37. 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






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






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






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






41. 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)






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






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






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






45. 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.






46. 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






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






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






49. On the premises fr the potential financial benefit of the occupier






50. 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