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






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






3. An informal term used to refer to all laws governing electronic communications and transactions - particularly those conducted via the Internet.






4. 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






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






6. 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






7. A statement of fundamental rights and privileges (especially the first ten amendments to the United States Constitution)






8. 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






9. Automotic appeal based on procedure/law. appeal cannot be made on a error of fact. Car accident example. procedure - wrong court date. law - issue of law is wrong. U.S. Supreme Court appeal is still possible with permission(write of certerori)






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






11. 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.






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






13. Right to a trial by jury






14. Law concerned with public wrongs against society






15. (law) negligence allocated between the plaintiff and the defendant with a corresponding reduction in damages paid to the plaintiff






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






17. (law) a pleading by the defendant in reply to a plaintiff's surrejoinder






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






19. 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






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






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






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






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






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






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






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






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






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






29. Set of books containing published court decisions






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






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






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






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






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






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






36. 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.






37. Claims






38. A legal proceeding in a court






39. 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






40. Statements made by the plaintiff and the defendant in a lawsuit that detail the facts - charges - and defenses involved in the litigation. The complaint and answer are part of the pleadings.






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






42. Drawing a comparison in order to show a similarity in some respect






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






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






45. 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.






46. A condensed written summary or abstract






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






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






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






50. 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