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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. Authority shared by both federal and state courts






2. 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.






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






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






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






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






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






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






9. A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society






10. The party against whom legal action is taken; the party against whom a writ of certiorari is sought.






11. Enforcable rules governing relationships among individuals and between individuals and thier society.






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






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






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






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






16. A condensed written summary or abstract






17. Judges must abide by precedents in thier jurisdictions.






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






19. A reference to or a quotation from an authority






20. In order to bring a lawsuit before a court a party must have a sufficient 'stake' in a matter to justify seeking relief through the court system






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






22. A major provider of arbitration services






23. Violation of a law - duty - or other form of obligation - either by engaging in an action or failing to act






24. 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.






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






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






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






28. 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






29. 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.






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






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






32. 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.






33. (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






34. 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






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






36. A federal - state - or local government unit established to perform a specific function. Administrative agencies are created and authorized by legislative bodies to administer and enforce specific laws.






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






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






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






40. The branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do






41. 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






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






43. Set of books containing published court decisions






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






45. 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.






46. 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.






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






48. 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






49. Torts committed via the internet






50. 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.