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. Donor must intent to make a gift - gift must be delivered - donee must accept gift






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






3. Continues for 10 years or may be renewed






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






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






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






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






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






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






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






11. Continues for 10 years or may be renewed






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






13. Fraud






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






15. False statement made orally to a 3rd party






16. Made any agreement made on Sunday void.






17. Fraud






18. The fee paid to a lender when borowing money






19. Property found in public place






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






21. False statement made orally to a 3rd party






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






23. Only entitled to reward if you know about it






24. Life of author plus 50 years






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






26. Without moral standards or principles






27. Unlawful toutching of another person






28. Written accusation charging suspect with crime






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






30. Unauthorized taking or borrowing of personal property






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






32. A person who commits a tort






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






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






35. Pledges and subscriptions to charities






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






37. Original work in a tangible medium of expression






38. Female who makes the will






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






40. Taking under $300






41. The activity of keeping something secret






42. A tenant has the right to quiet enjoyment






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






44. Doesnt constitute consideration everyone must follow the law






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






46. Unlawful and violent taking of personal property






47. Handles suits against federal gov and disputes over taxes






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






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






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