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. Written accusation charging suspect with crime






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






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






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






5. Holds bailors property for specific time/service






6. A promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






7. Man who makes a will






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






9. Fraud






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






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






12. Unlawful and violent taking of personal property






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






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






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






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






17. A promise made by the purchaser or lessee of land that the use of the premises will conform to conditions specified by the landlord.






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






19. Seller






20. Fixed intrest rate buy monthly rates






21. False statements in written or printed form that injures anothers rep






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






23. A killing htat takes place during a felony is now a murder






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






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






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






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






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






29. Taking someones property by intentionally decieving that person






30. Occurs when a person can no lonnger function normally without regularly consuming alcohol






31. Stated in words and may be oral or written






32. Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement(sick person/old)






33. Doesnt constitute consideration everyone must follow the law






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






35. Down payment intrest rate stays the same throughout life of a morgage






36. False statements in written or printed form that injures anothers rep






37. Handles suits against federal gov and disputes over taxes






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






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






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






41. Unauthorized taking or borrowing of personal property






42. Only entitled to reward if you know about it






43. Faslse making or changing of writing intent to defraud






44. Unlawful toutching of another person






45. 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






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






47. Wrong against an induv.






48. Continues forever






49. 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






50. Property right to make use of land beloning to another