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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. Assumption of risk - Superseding cause - and contributory and comparative negligence.






2. 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.






3. 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.






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






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






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






7. 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






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






9. Ethical or unethical behaviors by employees in the context of their jobs






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






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






12. 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






13. Liability without fault. (Strict product liability)






14. 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






15. 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.






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






18. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






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






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






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






22. 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






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






24. (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






25. 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.






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






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






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






29. Right to bear arms






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






31. Authority shared by both federal and state courts






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






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






34. 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)






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






36. 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






37. 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






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






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






40. 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.






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






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. 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






44. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






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






46. Jurisdiction based on claims against property






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






48. Jurisdiction based upon claims against a person - in contrast to jurisdiction over the person's property






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






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






Can you answer 50 questions in 15 minutes?



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