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. Right to use water from waterway on property






2. 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






3. You.S. CONSTITUTION 'WHICH IS THE SUPREME LAW OF THE LAND'






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






5. Seller






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






7. Make sell use invention for 17 years






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






9. Court in which wills are proved






10. Handles suits against federal gov and disputes over taxes






11. Interfearane with anothers enjoyment of life or property






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






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






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






15. Handles cases involving large amounts of money






16. Being issued a driverrs license is a privledge not a right






17. Property found in public place






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






19. Continues for 10 years or may be renewed






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






21. A person who commits a tort






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






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






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






25. Landlord






26. The fee paid to a lender when borowing money






27. Owner of property






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






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






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






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






32. Owner of property






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






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






35. Written accusation charging suspect with crime






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






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






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






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






40. Must be returned to owner if can be found - perosn has right to lost property until the owner is found






41. Unauthorized taking or borrowing of personal property






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






43. Made any agreement made on Sunday void.






44. Cant be touched - copy right






45. Being issued a driverrs license is a privledge not a right






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






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






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






49. Unlawful and violent taking of personal property






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