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






2. Entering a b uliding to commit a crime






3. Written accusation charging suspect with crime






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






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






6. Unlawful taking and carrying away personal property






7. Continues for 10 years or may be renewed






8. The fee paid to a lender when borowing money






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






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






11. Right to use water from waterway on property






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






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






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






15. Can be touched (goods)






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






17. Buyer






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






19. 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






20. Fraud






21. Handwritten over printed






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






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






24. Holds bailors property for specific time/service






25. Unauthorized taking or borrowing of personal property






26. Stated in words and may be oral or written






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






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






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






30. Taking under $300






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






32. A tenant has the right to quiet enjoyment






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






34. VOID






35. Man who makes a will






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






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






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






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






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






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






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






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






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






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






46. Court in which wills are proved






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






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






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






50. Handles cases involving large amounts of money