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






2. False statements in written or printed form that injures anothers rep






3. Unlawful and violent taking of personal property






4. Difference between fair market value and the debt in the property






5. Owner of property






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






7. Actions involving more than 50000 between citizens of different states






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






9. Transfers a sellers intrest in property but does not warrant that sellers owns any interst






10. Transfers a sellers intrest in property but does not warrant that sellers owns any interst






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






12. Must be planned in advance - cruel way - committed while perpetrating another crime - if none apply its 2nd degree






13. Fraud






14. So one sided that it unfairly oppresses one party and unreasonably favors the other






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






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






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






18. Nail place - hair place-license to do a job






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






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






21. Prohibits agencies from communicating any records to another agency or person without first obtaining that person's consent






22. Donor must intent to make a gift - gift must be delivered - donee must accept gift






23. Unauthorized taking or borrowing of personal property






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






25. Contributory negligence - comparative - assumption of risk






26. Insanity - entrapment - self defense - defense of fam member






27. A killing htat takes place during a felony is now a murder






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






29. Original work in a tangible medium of expression






30. A person who dies without a will






31. Killing with aforethought






32. Occurs when a person can no lonnger function normally without regularly consuming alcohol






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






34. Right to use water from waterway on property






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






36. 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






37. Laws based on England and custom






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






39. Unlawful taking and carrying away personal property






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






41. For the greatest nmer of people afffected by an actoin. The more good that results the more ethical the action






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






43. Duty of care - breach of duty - prximate cause - actualy harm






44. Duty of care - breach of duty - prximate cause - actualy harm






45. Doesnt constitute consideration everyone must follow the law






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






47. Right to occupy property for a fixed period of time






48. Sudden killing person out of rage






49. The fee paid to a lender when borowing money






50. Property found in public place