Test your basic knowledge |

College Business Law

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. Valid void - express or implied - bilateral or unilateral - oral or written






2. Handles cases involving large amounts of money






3. Property right to make use of land beloning to another






4. An act against the public good - punishable by a fine - imprisonment or both






5. Valid void - express or implied - bilateral or unilateral - oral or written






6. An outcome that was planned - although the person involved may not have believed that the intended outcome would be harmful to the other person.






7. Original work in a tangible medium of expression






8. Gives buyer most protection






9. Buyer






10. Decide wheather a person on trial is guilty or innocent






11. Court in which wills are proved






12. Requires that the landlord make those repairds necessary to keep the premisies fit






13. Accused brought to court - read indictment - asked to plead guilty or not guilty






14. A written instrument by which the borrower pledges real property to the lender






15. Tenant






16. When 2 parties to a contract disagree the court uses the reasonable person test






17. Pledges and subscriptions to charities






18. False statement made orally to a 3rd party






19. Consists of threats to a person's business or income that cause him or her to enter a contract without real consent






20. A person who dies without a will






21. Owner of property






22. Handle estates of the deceased






23. Unlawful resetraint of a person wheather in proision or otherwise (must use good judgement when obtaining shop lifters)






24. Right of a bailee to hold goods until charges are paid






25. Man who makes a will






26. Minors have the right to disaffirm contracts if they choose *cant affirm some parts of a contract that are favorable and dissafirm the unfavorable parts






27. Unlawful taking and carrying away personal property






28. Taking under $300






29. Laws based on England and custom






30. Preclude 'a person from denying or asserting anything to the contrary of that which has - in contemplation of law - been established as the truth - either by the acts of judicial






31. Legal ability to enter a contract. minors menally incometnent - drugged or drunk induvidual have no capacity to enter contract






32. Tom ake consumers aware of borrowing money the federal gov passed this






33. If someone is already under a legal duty to do something promise is not needed






34. Down payment intrest rate stays the same throughout life of a morgage






35. The right of the gov to take private land with or without the consent of the owner for public use






36. Attempt to commit a battery (pointing a gun) a threat






37. A person who doesnt really own property but takes possession of it for a specified time period may become legal owner






38. Tenancy that automatically continues for a successive amount of time






39. The fee paid to a lender when borowing money






40. Order from the court to stop certain actions and cease contact






41. A person who commits a tort






42. Continues forever






43. One which both the bailor and the bailee recieve some benefit






44. Tenant






45. Original work in a tangible medium of expression






46. Continues forever






47. Can be touched (goods)






48. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






49. Fixed intrest rate buy monthly rates






50. Have original jurisdiction - the authority to try a case the first time its heard