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. Actions involving more than 50000 between citizens of different states






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






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






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






5. Removal or restraint of a person against their will






6. Person who has not reached the age off leagal adult hood (age of majority)






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






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






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






10. False statement made orally to a 3rd party






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






12. Right to use water from waterway on property






13. 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






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






15. Entering a b uliding to commit a crime






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






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






18. Criminal act & required state of mind






19. Buyer






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






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






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






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






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






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






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






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






28. One which both the bailor and the bailee recieve some benefit






29. Taking under $300






30. 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






31. Seller






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






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






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






35. Unlawful toutching of another person






36. Stops one party from lying to anotherabout a promise






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






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






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






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






41. Handle estates of the deceased






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






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






44. Wrong against an induv.






45. 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






46. Gives buyer most protection






47. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






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






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






50. Interfearane with anothers enjoyment of life or property