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. Handle only bankruptcy proceedings - which are governed by federal bankruptcy law






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






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






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






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






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






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






8. 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






9. 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






10. Requirement that a case can only be heard by the Supreme Court if four justices vote to hear the case






11. To be on the land of another without right or permission of the owner






12. A judgment entered in favor of the plaintiff when the defendant defaults (fails to appear in court)






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






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






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






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






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






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






19. 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)






20. Courts that handle cases that involve less than $5000






21. The First Amendment guarantee that citizens may freely engage in the religious activities of their choice






22. Right to bear arms






23. Is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants - the lawsuit will not be successful.






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






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






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






27. To confirm priestly authority upon






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






29. A condensed written summary or abstract






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






31. 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.






32. Claims






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






34. 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






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






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






37. The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization






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






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






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






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






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






43. 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.






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






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






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






47. 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






48. Judges must abide by precedents in thier jurisdictions.






49. 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






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