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. 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






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






3. 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






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






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






6. The publication of false information about another's product - alleging that it is not what its seller claims.






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






8. Liability without fault. (Strict product liability)






9. 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.






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






11. Previously decided cases that are as similar as possible to the one under consideration






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






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






14. If the injured party can be made whole by receiving something of economic value - the remedy is a legal remedy [damages] - if a remedy at law is inadequate - a litigant may seek a remedy in equity - which involves notions of fair dealing and justice






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






16. The government may not house soldiers in private homes without consent of the owner






17. 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






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






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






20. A major provider of arbitration services






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






22. Law concerned with private wrongs against individuals






23. 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






24. Law concerned with public wrongs against society






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






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






27. 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.






28. 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






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






30. Highest official of a monarch. Granted new an unique remedies.






31. 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






32. The power to speak the law.






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






34. Claims






35. Propositions or general statements of equitable rules






36. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






37. 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.






38. 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






39. To be on the land of another without right or permission of the owner






40. Authority shared by both federal and state courts






41. 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






42. 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.






43. A condensed written summary or abstract






44. To confirm priestly authority upon






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






46. A brief outline of what the defendant and the plaintiff will try to prove.






47. A reference to or a quotation from an authority






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






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






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