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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 body of rules and regulations and orders and decisions created by administrative agencies of government






2. A major provider of arbitration services






3. 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.






4. Discussion with a view to reaching agreement; talking about a conflict where both parties give and take to reach a resolution - without attorneys.






5. 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






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






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






8. 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)






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






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






11. 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.






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






13. Rules governing the admissibility of evidence in trial courts.






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






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






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






17. 1. employee activity within scope of employment 2. employee is negligent






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






19. The powers not delegated to the United States by the Constitution - nor prohibited by it to the states - are reserved to the states respectively - or to the people.






20. 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.






21. 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






22. 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






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






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






25. A clause in a contract providing for arbitration of disputes arising under the contract






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






27. The courts that awarded compensation back in English Realm






28. Statutes adopted in many states that impose strict liability upon tavern owners for injuries to third parties caused by their intoxicated patrons






29. The location where something takes place - esp. a trial






30. 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.






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






32. The moral principle that behavior should be determined by duty - A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong a person should evaluate the action in terms o






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






34. Propositions or general statements of equitable rules






35. In litigation - the amount of monetary compensation awarded to a plaintiff in a civil lawsuit as damages. In the context of alternative dispute resolution - the decision rendered by an arbitrator.






36. A rule of evidence whereby the negligence of an alleged wrongdoer can be inferred from the fact that the accident happened






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






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






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






40. The act of changing location from one place to another






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






42. 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.






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






44. 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






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






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






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






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






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






50. A routine court order that attempts to enforce the judgment that has been granted to a plaintiff by authorizing a sheriff to carry it out