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. Buyer






2. Laws based on England and custom






3. Injuring anothers rep by making false statements






4. Continues forever






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






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






7. Doesnt constitute consideration everyone must follow the law






8. Tenant wrongfully stays on rental property after the tenancy ended






9. A person who dies without a will






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






11. The activity of keeping something secret






12. Handwritten over printed






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. Exchange of benefits and detriments by parties to an agreement






15. Right to use water from waterway on property






16. A person who dies without a will






17. Pledges and subscriptions to charities






18. If someone is already under a legal duty to do something promise is not needed






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






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






21. Traditional usually 30 yr period






22. Faslse making or changing of writing intent to defraud






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






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






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






26. Stops one party from lying to anotherabout a promise






27. 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






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






29. A written instrument by which the borrower pledges real property to the lender






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






31. No consideration is recieved (only one person benefits)






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






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






34. Right to use water from waterway on property






35. Right of a bailee to hold goods until charges are paid






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






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






38. Unlawful taking and carrying away personal property






39. Occurs when a person can no lonnger function normally without regularly consuming alcohol






40. Handle estates of the deceased






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






42. Intermediate courts have authority to hear appeals and review cases from lower courts - they have appeleate jurisdiction






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






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






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






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






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






48. Pay or give anything of value to public officials in order to inlufence their official activity






49. Removal or restraint of a person against their will






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