Test your basic knowledge |

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. There is an established duty of due care






3. A law passed by a legislative body






4. The party opposing the appeal






5. Section of the fourteenth amendment where courts must provide equal protection to all cases based on scrutiny






6. Refers to lawsuits; the process of filing claims to courts






7. Judges are obligated to follow precedent






8. Termination when the offeror dies or the physical contract is destroyed






9. Binding; an offeror cannot withdraw






10. Life - Liberty - Property






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






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






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






14. Talking trash






15. Type of defamation tort; spoken defamation






16. An offered can be terminated anytime before the offer has been accepted.






17. Agreement (offer and acceptance)






18. They set time limits for debate - decide how fast the law should be deliberated and when the bill goes to the floor for debate.






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






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






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






22. Proposed statutes - submitted to Congress or a legislature






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






24. During the option period of a contract






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






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






27. For the defendant to be liable - the type of harm must have been reasonably forseeable.






28. Items such as trampolines and swimming pools; defendant is liable if there is no protection






29. Action - print and other expression. Broader than the spoken word






30. Factual case






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






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






33. The rules committee where it is put on a calendar.






34. Reasoning court gives for the holding






35. Consideration; the bargaining that leads to a deal






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






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






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






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






40. Harm caused by a deliberate action






41. There is no intention to a contract but the plaintiff gives some benefit to the defendant who knows the plaintiff expects compensation. it would be unjust not to award the damages.






42. Consists of two members of the House of Representatives and two members of the senate; they try to compromise between two edited versions of a bill to make it equal.






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






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






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






46. The sharing of powers between levels of government






47. 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






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






49. Law made by federal agencies; rules and regulations






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