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. A tenant has the right to quiet enjoyment






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






3. Jury decides verdict - precentance hearing to decide punishmet appeal the states highest court






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






5. Nail place - hair place-license to do a job






6. Taking under $300






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






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






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






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






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






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






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






14. Handles suits against federal gov and disputes over taxes






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






16. Removal or restraint of a person against their will






17. Handles cases involving large amounts of money






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






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






20. The activity of keeping something secret






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






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






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






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






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






26. Injuring anothers rep by making false statements






27. Continues for 10 years or may be renewed






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






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






30. Wrong against an induv.






31. Interfearane with anothers enjoyment of life or property






32. Seller






33. Stated in words and may be oral or written






34. Can be touched (goods)






35. VOID






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






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






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






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. 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






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






42. Interfearane with anothers enjoyment of life or property






43. Property found in public place






44. Unlawful toutching of another person






45. Life of author plus 50 years






46. Doesnt constitute consideration everyone must follow the law






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






48. Removal or restraint of a person against their will






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






50. Killing with aforethought