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. Wrongs






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






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






4. 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






5. The courts that awarded compensation back in English Realm






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






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






8. On the premises fr the potential financial benefit of the occupier






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






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






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






12. Jurisdiction that exists when a case can be heard only in a particular court or type of court.






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






14. A basis for federal court jurisdiction over a lawsuit between (1) citizens of different states (2) a foreign country and citizens of a state of of different states - or (3) citizens of a state and citizens or subjects of a foreign country. The amount






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






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






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






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






19. 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.






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






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






22. 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






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






24. 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.






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






26. State statute that permits a state to obtain personal jurisdiction over nonresident defendants






27. 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






28. Relieve you of some liability when reasonable care is used






29. Previously decided cases that are as similar as possible to the one under consideration






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






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






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






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






35. 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






36. Need a set of laws so that commerce is possible; can't have different laws in every state for business. Uniform Commercial Code. Uniform Partnernship Act. Most states adopt them but not in the exact same form






37. A condensed written summary or abstract






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






39. A doctrine by which equitable relief is denied to one who has waited TOO long to seek relief






40. 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






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






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






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. Jurisdiction based on claims against property






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






46. 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.






47. Torts committed via the internet






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






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






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