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Business Law Vocab - 2

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 introduction of a neutral third party in resolving a dispute; issues a binding decision.






2. Establishes the idea precendent

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3. Discovery phase: chance for the party to learn about its opponent.






4. A less serious crime often punishable by less than one year in prison






5. A federal statute that applies to the sale of goods (NOT real estate or services)






6. Life - Liberty - Property






7. An act of a senate member to delay the close of debate or force a decision to be made.






8. Fraud using electronic communications of any kind;






9. A defendant engaging in an ultrahazardous activity is virtually always liable for any harm that results






10. If a company does not address an insubordinate employee - they become liable






11. A violation of a duty imposed by a civil law.






12. Bottom Line answer






13. Each side may ask the other side to produce relevant documents for inspection and copying.






14. Defamation - obscenity - speech that creates danger






15. Using false statements or bribes to obtain medicare payments from the federal or state government






16. Malicious use of fire or explosives to damage or destroy real estate or property






17. Common law rule; acceptance must be made on the same terms as the offer






18. Aricle IV section 2 of the constitution that states that the constitution and the united States are the laws of the land. Federal government trumps state law






19. Business tort; using someones likeness or voice without their permission.






20. There was a breach of due care






21. Language added to a court's opinion that is beyond what is needed; extra words offered as guidance






22. If the proceedings of a business occur intrastate but will eventually effect proceedings interstate - this rule states that congress may interfere






23. During the option period of a contract






24. Judge made law






25. Attorneys ask jurors a set of questions to determine bias






26. Type of defamation tort; spoken defamation






27. Using two or more racketeering acts to accomplish any of the following goals: (1) investing or acquiring legitimate businesses with criminal money (2)maintaining or acquiring businesses through criminal activity






28. Type of intentional tort (and crime); injuring someone by deliberate deception






29. System of checks and balances within the federal government






30. (1)statement (2)falseness (3)communicated (4)injury






31. Presiding officer (senator)






32. Type of defense; the defendant is incapable of forming mens rea






33. A company becomes liable if they do not perform a background check






34. The party filing the appeal






35. No unreasonable searches or seizures






36. The party opposing the appeal






37. Pretrial motions; motions for a summary judgement; asks the court to resolve a lawsuit before it goes to trial






38. United States is a party; the case is about a federal statute; the suit is between citizens of two different states and the the amt is over 75 -000






39. Harm caused by a deliberate action






40. Type of defense; when the government induces the defendant to break the law.






41. Sponsor.






42. The facts imply that the defendants negligence caused the act; 'the thing speaks for itself'






43. Laws involving economic and social regulation; laws that regard economic or social status are presumed valid and corporations and people can be classified






44. Someone on the property by right of a public place. highest duty of due care is owed to avoid negligence






45. Type of intentional tort; an act that makes a person fear imminent battery






46. Type of business crime; taking or using someones property






47. When a law remains untouched on the presidents desk for over 10 days after congress's adjournment






48. A person who volluntarily enters a situation that has an obvious danger cannot complain is he/she is injured






49. A law passed by a legislative body






50. Forseeable harm