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






2. 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.






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






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






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






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






7. 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






8. 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






9. 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.






10. A legal proceeding in a court






11. 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.






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






13. 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






14. Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs






15. An example that is used to justify similar occurrences at a later time






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






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






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






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






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






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






22. The unlawful taking or harming of another's personal property; interference with another's right to the exclusive possession of his or her personal property.






23. Liability without fault. (Strict product liability)






24. Judges must abide by precedents in thier jurisdictions.






25. 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.






26. A question that had to do with the US Constitution - acts of Congress - or treaties; it provides a basis for federal jurisdiction






27. Jurisdiction based on claims against property






28. Contains the courts reasons for its decision - the rules of law that apply - and the judgement






29. Right to a trial by jury






30. 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.






31. 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






32. 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.






33. No State can draw unreasonable distinctions between its own residents and those persons who happen to live in other States






34. 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.






35. Ethical or unethical behaviors by employees in the context of their jobs






36. Propositions or general statements of equitable rules






37. An argument made after the plaintiff and defendant have rested their cases. Closing arguments are made prior to the jury charges.






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






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






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






41. 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.






42. To confirm priestly authority upon






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






44. (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated






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






46. Party who defends an appeal






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






48. 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






49. The body of conventional - or written - law of a particular society at a particular point in time.






50. Any testimony given in court about a statement made by someone else who was not under oath at the time of the statement