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






2. Handles cases involving large amounts of money






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






4. Cant be touched - copy right






5. Landlord






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






7. Occurs when one person while breaking a law kills someone






8. Must be planned in advance - cruel way - committed while perpetrating another crime - if none apply its 2nd degree






9. Doesnt constitute consideration everyone must follow the law






10. Continues for 10 years or may be renewed






11. Occurs when you transfer part of the term of a lease - but not the remainder of it - to someone else






12. Must be planned in advance - cruel way - committed while perpetrating another crime - if none apply its 2nd degree






13. Exchange of benefits and detriments by parties to an agreement






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






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






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






17. 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






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






19. Taking under $300






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






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






22. Handle estates of the deceased






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






24. Only entitled to reward if you know about it






25. Injuring anothers rep by making false statements






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






27. Unlawful and violent taking of personal property






28. Can be touched (goods)






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






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






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






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






33. The fee paid to a lender when borowing money






34. Unlawful toutching of another person






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






36. Pledges and subscriptions to charities






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






38. Without moral standards or principles






39. Unlawful and violent taking of personal property






40. Cant be touched - copy right






41. Interfeerence with a persons right to be left alonne






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






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






44. Life of author plus 50 years






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






46. Traditional usually 30 yr period






47. Continues for 10 years or may be renewed






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






49. Court in which wills are proved






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