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






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






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






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






5. Right to use water from waterway on property






6. Seller






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






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






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






10. Unlawful taking and carrying away personal property






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






12. A person who dies without a will






13. Interfeerence with a persons right to be left alonne






14. Made any agreement made on Sunday void.






15. Make sell use invention for 17 years






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






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






18. 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






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






20. VOID






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






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






23. Only entitled to reward if you know about it






24. Handle estates of the deceased






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






26. Make sell use invention for 17 years






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






28. Not doing something you have a legal right to do






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






30. Stops one party from lying to anotherabout a promise






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






32. Handles cases involving large amounts of money






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






34. Contributory negligence - comparative - assumption of risk






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






36. Written accusation charging suspect with crime






37. Continues for 10 years or may be renewed






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






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






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






41. Doctrine that gives state gove right to regulate health - saftey - welfare - and morals of the people






42. Without moral standards or principles






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






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






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






46. Exchange of benefits and detriments by parties to an agreement






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






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






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






50. 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