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. Agreements to sell a particular product or service at an agreed price






2. Revocation - rejection - counter offer - experation of time






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






4. Faslse making or changing of writing intent to defraud






5. Holds bailors property for specific time/service






6. Occurs when you transfer part of the term of a lease - but not the remainder of it - to someone else






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






8. The activity of keeping something secret






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






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






11. A person who commits a tort






12. Handle estates of the deceased






13. Right to use water from waterway on property






14. Unjust taking of money or thing of value by a public offical






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






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






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






18. Limited jurisdictions in minor matters such as misdemeanors and civil actions involving small amounts of money






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






20. Continues forever






21. Right to use water from waterway on property






22. Tenant






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






24. Highest court - has original and appealate jurisdiction - hears all cases






25. Original work in a tangible medium of expression






26. Contributory negligence - comparative - assumption of risk






27. Limited jurisdictions in minor matters such as misdemeanors and civil actions involving small amounts of money






28. Says that evidence of an oral statement made before signing a written agreement cannot be presented in court






29. Continues for 10 years or may be renewed






30. Leagal doc containing a short and plain statement against the defendaant the clerk of courts issue a summons notice to the defendant that a lawsuit has begun






31. No consideration is recieved (only one person benefits)






32. Part of the plaintiff that asisted in causing his/hr injuries






33. Substitution of one contract for another often used to settle an honest disagremment of amount






34. Wrong against an induv.






35. Tenant wrongfully stays on rental property after the tenancy ended






36. Stated in words and may be oral or written






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






38. A promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






39. Landlord






40. Make sell use invention for 17 years






41. Tenant






42. Substitution of one contract for another often used to settle an honest disagremment of amount






43. An offer to do what you have agreed to do also known as tender of preformance






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






45. Fixed payments during the life of a loan but one large paymnt at the end






46. Continues forever






47. VOID






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






49. Can be touched (goods)






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