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






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






3. Jurisdiction based on claims against property






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






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






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






7. 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






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






9. The principle pleading by the defendant in response to plaintiff's complaint






10. Wrongs






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






12. 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.






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






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






15. (civil law) the first pleading of the plaintiff setting out the facts on which the claim for relief is based






16. Judges must abide by precedents in thier jurisdictions.






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






18. Propositions or general statements of equitable rules






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






20. The publication of false information about another's product - alleging it is not what its seller claims; also referred to as slander of quality.






21. 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






22. A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power






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






24. 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






25. A condensed written summary or abstract






26. (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






27. Any source of law that a court must follow when deciding a case. This includes constitutions - statues - and regulations - that govern the issue being decided - as well as previous court decisions in the same jurisdiction.






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






29. 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






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






31. A major provider of arbitration services






32. Claims






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






34. Authority shared by both federal and state courts






35. The preponderance of evidence which means more likely then not.






36. An example that is used to justify similar occurrences at a later time






37. The power to speak the law.






38. 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






39. 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






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






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






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






43. 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






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






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






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






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






48. 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






49. 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.






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