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. Failure to act with the prudence that a reasonable person would exercise under the same circumstances






2. Property found in public place






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






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






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






6. Cant be touched - copy right






7. Doesnt constitute consideration everyone must follow the law






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






9. Made any agreement made on Sunday void.






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






11. Killing with aforethought






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






13. VOID






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






15. 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






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






17. A person who commits a tort






18. A killing htat takes place during a felony is now a murder






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






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






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






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






23. Faslse making or changing of writing intent to defraud






24. An amendment or addition to a will






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






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






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






28. Unauthorized taking or borrowing of personal property






29. Stops one party from lying to anotherabout a promise






30. Only entitled to reward if you know about it






31. Holds bailors property for specific time/service






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






33. Consists of threats to a person's business or income that cause him or her to enter a contract without real consent






34. Seller






35. Accused brought to court - read indictment - asked to plead guilty or not guilty






36. Right to use water from waterway on property






37. Requires that the landlord make those repairds necessary to keep the premisies fit






38. Taking someones property by intentionally decieving that person






39. 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






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






41. Made any agreement made on Sunday void.






42. An amendment or addition to a will






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






44. False statement made orally to a 3rd party






45. Entering a b uliding to commit a crime






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






47. Taking someones property by intentionally decieving that person






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






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






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