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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. The power to speak the law.






2. A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.






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






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






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. A reference to or a quotation from an authority






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






8. 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






9. Right to a trial by jury






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






11. 14th amendment clause that prohibits states from denying equal protection under the law - and has been used to combat discrimination






12. Specific length of time an individual can sue for injury resulting from negligence






13. 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






14. A condensed written summary or abstract






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






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






18. Right to bear arms






19. 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






20. 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.






21. Jury selection process of questioning prospective jurors - to ascertain their qualifications and determine any basis for challenge.






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. An economically injurious falsehood made about another's product or property; a general term for torts that are more specifically referred to as slander of quality or slander of title.






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






25. A question asked to determine what is true or to what extent something is true






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






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






28. Wrongs






29. Questioning of a witness during a trial or during the taking of a deposition - by the party opposed to the one who produced the witness.






30. 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






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






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






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






34. Is strict liability hold a claim if the product or service in question is...






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






36. 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.






37. A major provider of arbitration services






38. Law concerned with public wrongs against society






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






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






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






42. (civil law) a law established by following earlier judicial decisions






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






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






45. (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






46. 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






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






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






49. 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






50. (law) the initial questioning of a witness by the party that called the witness






Can you answer 50 questions in 15 minutes?



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