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






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






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






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






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






7. Formal chancery courts - grant unique remedies. These remedies include specific performance - injunction and rescission.






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






9. The course of action the government takes in response to an issue or problem as deemed by widely held belief.






10. 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.






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






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






13. 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.






14. An amendment to the Constitution of the United States that imposes restrictions on the government's prosecution of persons accused of crimes






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






16. 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






17. A school of legal thought that views the law as a tool for promoting justice in society.






18. 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






19. 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.






20. A controversey that is not hypotheical or academic but real and substansial; a requirement the must be satisfied before a court will hear a case






21. 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






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






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






24. To confirm priestly authority upon






25. Negate the claim of negligence(assumption of risk - superceding intervening clause)






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






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






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






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






30. A legal proceeding in a court






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






32. 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






33. An order to appear in person at a given place and time






34. A major provider of arbitration services






35. 1. employee activity within scope of employment 2. employee is negligent






36. The rules governing the manner in which civil cases are brough in and progress through the federal courts






37. 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






38. 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






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






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






41. Set of books containing published court decisions






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






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






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






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






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






47. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






48. Liability without fault. (Strict product liability)






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






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