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






2. 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.






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






4. 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






5. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






6. Everyone in the commercial chain will be liable for the defect. (manafacturer - distrubutor - retailer) *end user is not in the commercial chain.






7. 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






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






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






10. 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






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






12. (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






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






14. Protects you from unreasonable search and seizure of your home and property






15. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






16. 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)






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






18. 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.






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






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






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






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






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






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






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






26. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






27. 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






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






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






30. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






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






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






33. 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






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






35. 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






36. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






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






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






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






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






41. Wrongs






42. 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.






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






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






45. 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






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






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






48. 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






49. 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






50. Propositions or general statements of equitable rules