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. Offenses committed against society and its members - their property - and social order






2. Court in which wills are proved






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






4. Property found in public place






5. False statement made orally to a 3rd party






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






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






8. Sudden killing person out of rage






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






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






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






12. Doesnt constitute consideration everyone must follow the law






13. Stated in words and may be oral or written






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






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






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






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






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






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






20. Buyer






21. Cant be touched - copy right






22. Minor who has done something that would not be a crime if it were done by an adult






23. Right to use water from waterway on property






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






25. Handles cases involving large amounts of money






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






27. Holds bailors property for specific time/service






28. Interfearane with anothers enjoyment of life or property






29. The activity of keeping something secret






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






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






32. Gives buyer most protection






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






34. Made any agreement made on Sunday void.






35. Man who makes a will






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






37. Original work in a tangible medium of expression






38. Injuring anothers rep by making false statements






39. You.S. CONSTITUTION 'WHICH IS THE SUPREME LAW OF THE LAND'






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






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






42. An amendment or addition to a will






43. 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






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






45. VOID






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






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






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






49. A tenant has the right to quiet enjoyment






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