Business Law Study Test

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Business Law Study Test

Test your knowledge of business law concepts with this comprehensive quiz, designed for students and professionals alike. Whether you're preparing for an exam or wanting to refresh your legal knowledge, this quiz offers 53 questions covering various aspects of business law.

  • Multiple choice questions
  • Focus on key legal principles
  • Ideal for studying and revision
53 Questions13 MinutesCreated by AnalyzingLaw101
Rules of the Court Room are classified as:
Res Judicta
Dicta
Procedural Law
Substantive Law
A state Statue of Limitations which requires that suits for breach of contract be filed within 2 years of the date of breach are examples of _________ laws
Procedural
Substantive
Inculpatory
Judge-made
The societal belief that "people who injure other persons or their property should compensate them for their loss" is the basis of:
Public Law
Tort Law
Criminal Law
Administrative Law
Which of the following is not a category of private law?
Tort Law
Property Law
Criminal Law
Contract Law
A federal law requires that employers with 15 or more employees take steps to "reasonably accommodate" the religious needs and practices of their employees. A law, such as this one, that gives rights and imposes duties is an example of a __________ law.
Exculpatory
Inculpatory
Procedural
Substantive
A state statue requiring that medical malpractice suits be initiated within 3 years of the injury is an example of a(n) _____ law.
Substantive
Exculpatory
Inculpatory
Procedural
The federal government and state governments, although they share a similar structure, have their own unique duties and functions. This division of sovereign power between the state and federal level is called a(n) ___________ separation of powers.
Horizontal
Bilalteral
Bipartisan
Vertical
The doctrine of judicial review was first articulated in ______________.
Roe v Wade
The Declaration of Independence
Marbury v. Madison
Article II of the Constitution
Critical thinking does not require deliberation in analyzing a problem.
True
False
Principals of legal reasoning may successfully be applied to solving certain problems related to business strategies.
True
False
Legal reasoning has as its goal persuasion without critical analysis of legal questions.
True
False
Use of analogical reasoning involves the comparison of the facts of the current case with the facts in previously decided cases.
True
False
Analogical reasoning is different from deductive reasoning
True
False
The conclusion follows from the relationship between the major and minor premises.
True
False
A syllogism is the style of argument used in deductive reasoning.
True
False
Stare Decisis, the doctrine giving rise to the importance of precedent, is not an example of analogical reasoning.
True
False
The judiciary has the power to do all of the following except:
Impeach the President of the United States for high crimes.
Declare laws unconstitiutional
Interpret and apply statues.
Create law by announcing new precedents.
The function of the grand jury is to___________.
Decide the guilt or innocence of a criminal defendant
Determine if there is sufficient evidence to decide the case on a summary judgement
Determine if there is sufficient evidence to bring someone accused of a crime to trial
Decide the liability of a defendant in a civil suit
The function of a petit jury is to ________________.
Decide if there is enough evidence to decide the case on a summary judgement.
Decide whether a civil defendant is liable and whether a criminal defendant is guilty.
Decide if there is enough evidence to send a case to the grand jury
Decide if there is sufficient evidence to bring an indictment against a criminal defendant.
When a grand jury decides there is sufficient evidence to bring someone accused of a crime to trial it issues a(an)
Injunction
Indictment
Interlocutory decree
Bill of attainder
In a jury trial, the judge would decide questions of ____ and the jury would decide questions of _______.
Fact; precedent
Fact; law
Law; fact
Law; precedent
An indictment is _________.
The final decree in a court of equity
A grand jury's finding that there is sufficient evidence to bring someone accused of a crime to trial.
The papers served on a defendant in a civil suit notifying him that he is being sued
The order of a reviewing court to a trial court to retry an issue.
Juvenile court, probate court and traffic court are examples of courts of __________.
Equity
General jurisdiction
Limited jurisdiction
Special appeals
The power of a court to hear cases and issue binding decisions is called __________.
Jurisdiction
Jurisprudence
Res Judicata
Lex populorum
The party who loses at trial and brings an appeal is called the appellee.
True
False
The party who wins at trial and must defend his win in an appellate court is called the appellee.
True
False
To hear a case, courts must have subject matter jurisdiction.
True
False
Both the plaintiff and the defendant must have minimum contacts with a state for a court to meet the requirements for personal jurisdiction.
True
False
A plaintiff must have minimum contacts with a state in order to file a suit there.
True
False
A defendant who wants to have the trial moved to a different geographic locations in the state, because of likely jury prejudice, would ask for a change of venue.
True
False
Sue failed to file an answer to respond in any way to a complaint and summons. The court will enter a motion to dismiss against her.
True
False
Plaintiffs initiate a civil suit by filling an affidavit with the court that contains the allegations he is making against the defendant.
True
False
Marie hired Todd to fix the roof on her porch. After work began, they argued over how long the job was taking and the unexpected extra costs. Todd claimed that unanticipated mold problems and rotten boards were responsible. Without recourse to the courts or to 3rd parties, Marie and Todd worked out a new work and payment schedule acceptable to both. This is an example of resolving a dispute through _________.
Arbitration
Negotiation
Mediation
Submission
Business would rather settle disputes with customers out of court because
Juries are likely more sympathetic to plaintiffs than to large corporate defendants
Litigation is costly
Trials are bad for the public image of the business
All of the above
In the United States, the great majority of disputes, whether between individuals or businesses, are settled by:
The parties themselves
Litigation
Arbitration
Mediation
When parties to a dispute work out a solution for themselves without recourse to outside help or the courts, they have resolved the dispute through ________.
Mediation
Arbitration
Negotiation
Novation
The primary purpose of the National Mediation and Conciliation Service is to mediate _____________.
A. Disputes in family court relating to divorce, custody and property settlements
Maritime Disputes
Labor disputes
Both a and B
Alice and Jim hired Elegant, Inc. of Long Beach to plan and coordinate their wedding. Alice and Jim were unhappy with the results, claiming that neither the food, flowers, nor the photographs met the standard of the samples they had been shown. Alice and Jim are refusing to pay Elegant the full contract price. The Better Business Bureau of Long Beach sent someone to help the couple and Elegant work out a mutually acceptable solution. The Bureau's representative could only assist in the discussions and make suggestions. This process is an example of:
Arbitration
Negotiation
Mediation
Specific Performance
Which of the following professionals might be members of the American Arbitration Association (AAA)?
Doctors
Accountants
Lawyers
All of the above are represented in the AAA
A neutral 3rd party who is hired to help parties work through their problems and arrive at a mutually acceptable solution is a(n) ____________.
Arbitrator
Negotiatior
Solicitor
Mediator
One function of the Constitution is to protect individual rights by limiting the role of government.
True
False
It is the exclusive right of the House of Representatives to approve treaties made by the President.
True
False
Judicial review is the power of the courts to review and invalidate legislation that violates the Constitution.
True
False
Roe v. Wade is the landmark case in which the Supreme Court decided that federal courts have the power of judicial review.
True
False
Arizona cannot have different standards for admitting in-state and out-of-state residents to the practice of medicine because of the Full Faith and Credit Clause.
True
False
The police powers of the states refer to their rights to make arrests and try criminals.
True
False
The powers of the states are enumerated in Article I, Section 8 of the Constitution.
True
False
Federalism is the doctrine that the powers of government are shared between the states and the federal government.
True
False
The Privileges and Immunities Clause insures that a citizen of State X cannot be denied access to employment opportunities in State Y based on his state of residency.
True
False
Most of the powers of the federal government enumerated in the Constitution are powers shared with the states.
True
False
 
 
 
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