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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. Arbitration and Mediation






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






3. Forseeable harm






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






5. It must be voted on and approved by both houses and then approved by the president. then it is a law






6. A subtype of rejection






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






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






9. The legal question that is posed in a case






10. Capacity; the parties must be adults and mentally competent






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






12. Talking trash






13. Majority






14. Sponsor.






15. Agreement (offer and acceptance)






16. 2/3 vote






17. Unintentional tort - breach of a duty of care






18. Forbidding a law to be passed






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






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






21. System of checks and balances within the federal government






22. To the president.






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






24. Type of defamation tort; written defamation






25. John Roberts






26. 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.






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






28. First 10 amendments of the constitution; Compromise between federalist and antifederalists; Protects natural rights of liberty and property






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






30. Trial Court






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






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






33. When the bill is debated to the floor of the house.






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






35. A letter that summarizes the negotiating progress






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






37. 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






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. There is an established duty of due care






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






41. 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






42. The introduction of a neutral third party in resolving a dispute; not a binding decision. Voluntary settlement.






43. A party may ask the court to order an examination to find out if physical or mental damage is relevant






44. Cruel and unusual punishment






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






46. Injury






47. James Madison - 1789






48. Nine.






49. The opinion of Judges who agree with the holding - but for different reasons.






50. The documents that begin a lawsuit: consists of the complaint - answer and sometimes a reply