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






2. 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






3. To a committee to be studied; and then debated and voted upon; this is where new amendments can be added.






4. Binding; an offeror cannot withdraw






5. Judges who disagree with the majority holding; states their opposing opinion






6. Sponsor.






7. When there is no contract - but the defendant makes a promise that will induce reliance. it would be unjust not to enforce the promise






8. A power granted to congress stating that congress may regulate trade between countries - other states and indian tribes






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






10. Type of intentnional tort; intentionally entering land that belongs to someone else or remaining on land after being asked to leave






11. There is an established duty of due care






12. Written questions that the opposing party must answer in writing under oath






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






14. The legal doctrine whereby an act is considered negligent because it violates a statute (or regulation)






15. Type of business crime; the fraudulent conversion of property already in the defendants posession.






16. Sandra Day Oconnor






17. Termination by simply turning down the offer






18. Business tort; intrusion in to someones private life; being a voyeur






19. A contract put in writing laying out all of the terms






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






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






22. Type of defense; the practice of forcing another party to behave in an involuntary manner (whether through action or inaction) by use of threats or rewards






23. If the plaintiff is even slightly negligent he/she recovers nothing






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






25. Consideration; the bargaining that leads to a deal






26. Type of intent to be proved; means the guilty act






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






28. (1)misrepresentation (2)concealment with the intent to take advantage of someone; deception of a person for the purpose of obtaining money or property






29. Judge made law; based on precedent - which leads to stare decisis






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






31. FCC (Federal Communications Commission)






32. A plaintiff may generally recover even if he/she is partially negligible






33. Faking car accidents and injury in order to gain a settlement






34. Forbidding a law to be passed






35. Injuries caused by neglect and oversight rather than deliberate conduct.






36. Factual case






37. Legality; the subject matter must be legal






38. Punishable by a prison sentence of one year or more






39. Termination when an offer specifies a time limit for acceptance and the period is binding.






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






41. Forseeable harm






42. A court will imply by conduct that there was an agreement between two parties






43. Type of tort; taking someone elses property without consent.






44. There was a breach of due care






45. A tithing of 10 men put together to hold each other accountable. Anglo-saxon method of keeping the peace.






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






47. Due process or the right to a hearing






48. Any scheme that attempts to unlawfully obtain money or services illegally through the US postal service






49. To the president.






50. No self incrimination / due process (miranda warnings)