Business Law State Review

The attempt to develop a means for determining the values of a society is known as… 1.Morality 2.Ethics 3.The Greater Good 4.None of These

The rules and procedures established by regulatory agencies are called… 1.Statutory Law 2.Common Law 3.Administrative Law

Morality & Ethics are the same thing? 1.True 2.False

Laws passed by US Congress, State Legislatures or Local City Councils are all… 1.Administrative Law 2.Statutory Law 3.Federal law 4.Common Law

Federal Courts have jurisdiction over patent and copyright cases? 1.True 2.False

The US Supreme Court has both original & appellate jurisdiction? 1.True 2.False

The federal court system derives its authority from… 1.Amendment 3 of the US Constitution 2.Article 3 of the US Constitution 3.Preamble of the US Constitution 4.Article V of the US Constitution

At the bottom level of the federal court system are the federal 1.Small Claims Courts 2.District Courts 3.Municipal Courts 4.Appellate Courts

The jurisdiction of local courts is 1.General 2.Limited 3.Appellate 4.Special

The first 10 amendments to the Constitution is called the… 1.Bill of Bills 2.Bill of Wrongs 3.Bill of Rights

Courts that are between the lower courts and the highest court are called 1.Appellate Courts 2.Intermediate Courts 3.General Courts 4.US Supreme Court

A court that has authority to try a case the first time it is heard is known as a court of… 1.Appellate Jurisdiction 2.General Jurisdiction 3.Original Jurisdiction 4.Limited Jurisdiction

Because the US Court of Appeals have authority to hear appeals from lower courts we say they have… 1.Appellate Jurisdiction 2.General Jurisdiction 3.Original Jurisdiction 4.Limited Jurisdiction

A delinquent child is a minor who has committed an act that would be a crime if committed by an adult? 1.True 2.False

The goal of the juvenile court is punishment? 1.True 2.False

A tort is a wrong against an individual? 1.True 2.False

Breaking and Entering with the intent to commit a crime is… 1.Burglary 2.Robbery 3.Larceny 4.Embezzlement

Willful or malicious damage to property is called… 1.Property abuse 2.Domestic Violence 3.Terrorism 4.Vandalism

Team Scores So Far

In a criminal proceeding, the government is referred to as the… 1.Defendant 2.Offender 3.Prosecutor 4.Protagonist

Tort lawsuits are brought by the state in order to punish wrongdoers? 1.True 2.False

Failure to exercise the degree of care a reasonable person would exercise is… 1.Strict Liability 2.Nuisance 3.Intentional Tort 4.Negligence

The first pleading filed in a civil case is the… 1.Summons 2.Complaint 3.Subpoena 4.Deposition

Who brings forth the judgment is a criminal case? 1.The Prosecutor 2.The Jury 3.The Judge 4.The Baliff

A Jury of Inquiry is a… 1.Petit Jury 2.Grand Jury 3.Hung Jury 4.Jury that can’t make up its mind

Civil & Criminal trials start the same way? 1.True 2.False

The written accusation issued by a grand jury is the Complaint? 1.True 2.False

A minor crime committed is a… 1.Felony 2.Infraction 3.Misdemeanor 4.None of These

If a judge is deciding a case he must go by the previous Precedents that have been set forth. 1.True 2.False

Not telling the truth under oath on the witness stand is… 1.A bad idea 2.Insane 3.Contempt of Court 4.Perjury

The taking back of a offer by the offeror is… 1.Rejection 2.Cancellation 3.Revocation 4.Consideration

Which of the following IS NOT one of the 6 elements of a contract? 1.Offer 2.Legality 3.Consideration 4.Genuine Agreement 5.Serious Intent 6.Acceptance 7.Capacity

Contract that is legally binding and fully enforceable is a… 1.Void Contract 2.Express Contract 3.Valid Contract 4.Implied Contract

A contract in which one person promises to do something when the other person performs some act is a… 1.Bilateral Contract 2.Express Contract 3.Unilateral Contract 4.Implied Contract

An express contract must be written? 1.True 2.False

If a valid offer is met with valid acceptance, the result is… 1.Legality 2.Capacity 3.Genuine Agreement 4.Consideration

Mutual mistake is also known as… 1.Unilateral Mistake 2.Bilateral Mistake 3.Material Mistake 4.Intentional Mistake

A deliberate deception to secure unfair or unlawful gain is… 1.Misrepresentation 2.Libel 3.Unilateral Mistake 4.Fraud

An innocent statement of a supposed fact that turns out to be false is known as… 1.Concealment 2.Fraud 3.Misrepresentation 4.None of These

Team Scores

The legal ability to enter a contract is… 1.Offer 2.Acceptance 3.Capacity 4.Legality

A person who intentionally fails to reveal an important fact is committing…. 1.Concealment 2.Misrepresentation 3.Fraud 4.None of These

May a competent adult avoid a contract made with a minor? 1.Yes 2.No

May the giving up of some right constitute valid consideration? 1.Yes 2.No

Does consideration require that each party get something of equal value? 1.Yes 2.No

Unfair and improper persuasive pressure exerted by one in a position of trust on another is called Undue Influence? 1.True 2.False

Overcoming the will of another by the use of force or by threat of force or bodily harm is called… 1.Economic Duress 2.Duress 3.Undue Influence

Breach of Contract is the wrongful failure to perform one or more promises of a contract? 1.True 2.False

What is the most common way a contract is terminated? 1.Breach of Contract 2.Mistake 3.Illegality 4.Completion

When contracts come to an end, they are said to be…. 1.Tendered 2.Discharged 3.Terminated 4.Delegated

Most contracts are discharged by ______ when the parties fulfill the terms of the agreement. 1.Substantial Performance 2.Complete Performance 3.Performance 4.Tender

When a party to a contract has done everything except minor things there is… 1.Performance 2.Complete Performance 3.Substantial Performance 4.Mutual Release

Is a contract VOID when made by a person declared insane by a court and for whom a guardian has been appointed? 1.Yes 2.No

Can a minor disaffirm part of a contract and affirm other parts? 1.Yes 2.No

Transferring a right to someone is called ______ while transferring a duty to someone is called ______. 1.Delegation, Assignment 2.Delegation, Novation 3.Assignment, Novation 4.Assignment, Delegation

Consideration is the exchange of benefits and 1.Debtors 2.Obligations 3.Forbearance 4.Detriments

Most newspaper ads are considered to be… 1.Offers 2.Bargains 3.Invitations to Negotiate 4.Contracts

An oral or written guarantee by a manufacturer or a seller is a(n)… 1.Full Warranty 2.Limited Warranty 3.Express Warranty 4.Implied Warranty

A(n) _____ is a guarantee of quality imposed by law in particular kinds of transactions. 1.Full Warranty 2.Limited Warranty 3.Implied Warranty 4.Express Warranty

Person who represents another person… 1.Servant 2.Principal 3.Subagent 4.Agent 5.General Agent

Person whose physical conduct is not controlled by the proprietor 1.Servant 2.Principal 3.Independent Contractor

A collective bargaining agreement is a contract negotiated by the employer and representative of the union 1.True 2.False

A(n) Implied Contract is a promise that an employer will treat an employee with fairness and honesty 1.True 2.False

Things to know Know the following: –Americans with Disabilities act –OSHA –Fair Labor Standards Act –Justified & Unjustified Discrimination

Computer Law Computer Hacking Software Piracy Source code (Reverse Engineering) Software License Copyright Law Internet

Bankruptcies to know Chapter 7 –Liquidation Chapter 11 –Reorganization Chapter 13 –Reorganization of Debts

Which Chapter of Bankruptcy includes liquidation? 1.Chapter 11 2.Chapter 7 3.Chapter 13

A business owned by two or more people is called a…. 1.Sole Proprietorship 2.Corporation 3.Partnership

An artificial person created by law is a… 1.Partnership 2.Sole Proprietorship 3.Corporation

The Red Cross is a good example of a Profit Corporation? 1.True 2.False

A company incorporated in Texas but operating in Utah would be considered a Foreign Corporation in Texas? 1.True 2.False

Land, and anything permanently attached to the land, is… 1.Tangible Property 2.Personal Property 3.Genuine Property 4.Real Property

It is now up to me to study over the next few days? 1.True 2.False

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