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






2. People who are engaged in extremly dangerous activity may be held liable even if there was no negligence






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






4. False rep of fact - rep known to be false - info relied upon - false rep resulted in a loss






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






6. Holds bailors property for specific time/service






7. Takes place when a person leaves his/her property in anothers possession






8. Handwritten over printed






9. Jury decides verdict - precentance hearing to decide punishmet appeal the states highest court






10. A person who dies without a will






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






12. Make sell use invention for 17 years






13. The body of rules and regulations and orders and decisions created by administrative agencies of government






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






15. Injuring anothers rep by making false statements






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






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






18. Handle estates of the deceased






19. Handles suits against federal gov and disputes over taxes






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






21. This is when a promise is reasonably relied upon - to the substantial detriment of the relying party.






22. Sudden killing person out of rage






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






24. Continues forever






25. An agreement when one party to a contract is replaced by another






26. Classifies drugs into groups with set penalties for each group






27. The principles of right and wrong that guide an individual in making decisions






28. Selecting a jury - opening statements - intro of evidence - closing arguments - instructions to the jury - verdict - judgement






29. Thing that poses a risk to chldren who may be attracted to it






30. Contributory negligence - comparative - assumption of risk






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






32. 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






33. Doesnt constitute consideration everyone must follow the law






34. Taking of another's property or money by a person to whom it has been entrusted






35. Papers fied in courts by the plaintif and the defendant at the beginningof a suit






36. Only entitled to reward if you know about it






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






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






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






40. Seriously intended - defineete and certain - communicated to the offeree






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






42. Takes place when a person leaves his/her property in anothers possession






43. Minor who has done something that would not be a crime if it were done by an adult






44. False statement made orally to a 3rd party






45. Pledges and subscriptions to charities






46. The activity of keeping something secret






47. Written accusation charging suspect with crime






48. Offenses committed against society and its members - their property - and social order






49. Interfeerence with a persons right to be left alonne






50. Use of substances to excessive extent that are illegal or harmful