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






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






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






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






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






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






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






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






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






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






11. Inherent powers of state governments to pass laws to protect the public health - safety - and welfare; the national government has no directly granted police powers but accomplishes the same goals through other delegated powers.






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






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






14. Is strict liability hold a claim if the product or service in question is...






15. 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






16. The power to speak the law.






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






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






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






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






21. 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






22. 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






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






24. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






25. 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.






26. A legal proceeding in a court






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






28. Contracts - Sales - Negotiable instruments - creditos rights - intellectual property - e-commerce - product liability - torts - agency - business organizations - professional liability - courts and court procedures.






29. A condensed written summary or abstract






30. Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system






31. 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






32. A motion asserting that the trial was so fundamentally flawed (because of error - newly discovered evidence - prejudice - or another reason) that a new trial is necessary to prevent a miscarriage of justice.






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






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






35. 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.






36. 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.






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






38. 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






39. 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.






40. Party who defends an appeal






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






42. Claims






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






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






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






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






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






48. 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.






49. 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






50. Federal regulatory agencies that are independent - thus not fully under the power of the president. Ex. Federal Trade Commission - Securities and Exchange Commission.