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






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






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






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






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






6. An agreement when one party to a contract is replaced by another






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






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






9. Only entitled to reward if you know about it






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






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






12. Handle estates of the deceased






13. Continues forever






14. Seller






15. A person who dies without a will






16. The activity of keeping something secret






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. Unlawful and violent taking of personal property






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






20. Man who makes a will






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






22. Killing with aforethought






23. Man who makes a will






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






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






26. Doesnt constitute consideration everyone must follow the law






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






28. Continues forever






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






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






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






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






33. Laws based on England and custom






34. Traditional usually 30 yr period






35. Unlawful toutching of another person






36. Property found in public place






37. Owner of property






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






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






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






41. The principles of right and wrong that guide an individual in making decisions






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






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






44. The principles of right and wrong that guide an individual in making decisions






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






46. Injuring anothers rep by making false statements






47. Tenancy that automatically continues for a successive amount of time






48. One which both the bailor and the bailee recieve some benefit






49. 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






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