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 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.






2. A claim filed in opposition to another claim in a legal action






3. Law concerned with public wrongs against society






4. 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






5. 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






6. The body of conventional - or written - law of a particular society at a particular point in time.






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






8. 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.






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






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






11. Right to bear arms






12. A wrongful act that the actor had no right to do






13. 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.






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






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






16. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






17. Adj. from the Latin 'against or about a thing -' referring to a lawsuit or other legal action directed toward property - rather than toward a particular person. Thus - if title to property is the issue - the action is 'in rem.' The term is important






18. The power to speak the law.






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






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






21. 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






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. In a lawsuit - an issue involving the application or interpretation of a law. Only a judge - not a jury - can rule on questions of law.






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






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






27. Liability without fault. (Strict product liability)






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






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






30. (law) a pleading made by a defendant in response to the plaintiff's replication






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






32. Party who defends an appeal






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






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






35. An amendment to the Constitution of the United States guaranteeing the right of free expression






36. Three remedies known as land - items of value - or money






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






38. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






39. Torts committed via the internet






40. 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






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






42. Use deductive reasoning to identify relevant legal rules - applying those rules to to the facts of the case and drawing a conclusion.






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






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






45. To confirm priestly authority upon






46. The publication of false information about another's product - alleging that it is not what its seller claims.






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






48. 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






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






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