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 sum of money paid in compensation for loss or injury






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






3. 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.






4. The enumeration in the Constitution - of certain rights - shall not be construed to deny or disparage others retained by the people.






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






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






7. 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.






8. The body of laws created by legislative statutes






9. Claims






10. The clause in the Constitution (Article I - Section 8 - Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.






11. (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






12. Party who defends an appeal






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






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






15. Propositions or general statements of equitable rules






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






17. 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.






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






19. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






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






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






22. Excessive bail shall not be required - nor excessive fines imposed - nor cruel and unusual punishments inflicted.






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






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






25. 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.






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






27. 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






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






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






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






31. 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






32. Right to a trial by jury






33. 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






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






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






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






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






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






39. A legal proceeding in a court






40. 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.






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






42. A response to a plaintiff's claim that does not deny the plaintiff's facts but attacks the plaintiff's legal right to bring an action. An example is the running of the statute of limitations.






43. 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






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






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






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






47. 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






48. 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.






49. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






50. 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