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. Removal or restraint of a person against their will






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






3. Offer - acceptance - genuine agreement - considration - capacity - legality






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






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






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






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






8. Handwritten over printed






9. Doesnt constitute consideration everyone must follow the law






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






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






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






13. Made any agreement made on Sunday void.






14. A person who commits a tort






15. Offer - acceptance - genuine agreement - considration - capacity - legality






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






17. Can be touched (goods)






18. Stated in words and may be oral or written






19. Seller






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






21. Contributory negligence - comparative - assumption of risk






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






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






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






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






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






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






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






29. Fixed intrest rate buy monthly rates






30. Involves values that govern a societys attitude toward right and wrong






31. Detention haring - adjudicatory hearing - disposal hearing






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






33. Doesnt constitute consideration everyone must follow the law






34. Sudden killing person out of rage






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






36. Tenant






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






38. Supplements common law. Passed by some governmental body and written in some form.






39. Life of author plus 50 years






40. Pledges and subscriptions to charities






41. Buyer






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






43. Handles cases involving large amounts of money






44. Handles suits against federal gov and disputes over taxes






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






46. Buyer






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






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






49. The fee paid to a lender when borowing money






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