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 claim filed in opposition to another claim in a legal action






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






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






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






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






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






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






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






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






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






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






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






13. Jurisdiction based on claims against property






14. Law concerned with private wrongs against individuals






15. 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.






16. 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.






17. A final judgment for one side in a lawsuit without trial when a judge finds based on pleadings - affidavits - and depositions that there is no genuine factual issue in the lawsuit






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






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






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






21. 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






22. (law) behavior by the plaintiff that contributes to the harm resulting from the defendant's negligence






23. 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






24. In a jury trial - a motion for the judge to take the decision out of the hands of the jury and to direct a verdict for the party who filed the motion on the ground that the other party has not produced sufficient evidence to support her or his claim.






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






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






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






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






29. 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






30. 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






31. 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.






32. Torts committed via the internet






33. The constitutional amendment designed to protect individuals accused of crimes. It includes the right to counsel - the right to confront witnesses - and the right to a speedy and public trial.






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






35. Settlement of civil disputes between parties using neutral mediators or arbitrators without going to court






36. A condensed written summary or abstract






37. Propositions or general statements of equitable rules






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






39. The body of laws created by legislative statutes






40. A computer program that is designed to block access to certain Web sites based on their content. The software blocks the retrieval of a site whose URL or key words are on a list within the program.






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






42. Nonverbal communication - such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.






43. 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






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






45. 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.






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






47. 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






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






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






50. 1. Resident 2. (while within boundaries of state) 3. Long arm statue.