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






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






4. Traditional usually 30 yr period






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






6. Handle estates of the deceased






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






8. Taking someones property by intentionally decieving that person






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






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






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






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






13. Removal or restraint of a person against their will






14. Tenant






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






16. The fee paid to a lender when borowing money






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






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






19. Holds bailors property for specific time/service






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






21. Pledges and subscriptions to charities






22. Seller






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






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






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






26. Unlawful taking and carrying away personal property






27. Seller






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






29. Duty of care - breach of duty - prximate cause - actualy harm






30. A person who commits a tort






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






32. A person who dies without a will






33. Must be returned to owner if can be found - perosn has right to lost property until the owner is found






34. Laws based on England and custom






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






36. Entering a b uliding to commit a crime






37. Make sell use invention for 17 years






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






39. 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






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






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






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






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






44. Female who makes the will






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






46. Buyer






47. Make sell use invention for 17 years






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






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






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