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






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






3. VOID






4. Owner of property






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






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






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






8. Unlawful and violent taking of personal property






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






10. Entering a b uliding to commit a crime






11. Criminal act & required state of mind






12. Continues forever






13. Doesnt constitute consideration everyone must follow the law






14. Traditional usually 30 yr period






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






16. Tenant






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






18. Unlawful killing of another human being with out malice aforethought






19. Pledges and subscriptions to charities






20. Holds bailors property for specific time/service






21. Handles suits against federal gov and disputes over taxes






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






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






24. Right to occupy property for a fixed period of time






25. Detention haring - adjudicatory hearing - disposal hearing






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






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






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






29. A person who commits a tort






30. Selecting a jury - opening statements - intro of evidence - closing arguments - instructions to the jury - verdict - judgement






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






32. Man who makes a will






33. Something that produces result - without it the result wouldnt of occured






34. So one sided that it unfairly oppresses one party and unreasonably favors the other






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






36. Stops one party from lying to anotherabout a promise






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






38. Offer - acceptance - genuine agreement - considration - capacity - legality






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






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






41. For the greatest nmer of people afffected by an actoin. The more good that results the more ethical the action






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






43. Only entitled to reward if you know about it






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






45. Fixed intrest rate buy monthly rates






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






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






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






49. Seller






50. 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