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Business Law State Review
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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
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The rules and procedures established by regulatory agencies are called… 1.Statutory Law 2.Common Law 3.Administrative Law
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Morality & Ethics are the same thing? 1.True 2.False
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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
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Federal Courts have jurisdiction over patent and copyright cases? 1.True 2.False
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The US Supreme Court has both original & appellate jurisdiction? 1.True 2.False
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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
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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
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The jurisdiction of local courts is 1.General 2.Limited 3.Appellate 4.Special
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The first 10 amendments to the Constitution is called the… 1.Bill of Bills 2.Bill of Wrongs 3.Bill of Rights
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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
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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
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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
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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
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The goal of the juvenile court is punishment? 1.True 2.False
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A tort is a wrong against an individual? 1.True 2.False
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Breaking and Entering with the intent to commit a crime is… 1.Burglary 2.Robbery 3.Larceny 4.Embezzlement
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Willful or malicious damage to property is called… 1.Property abuse 2.Domestic Violence 3.Terrorism 4.Vandalism
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Team Scores So Far
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In a criminal proceeding, the government is referred to as the… 1.Defendant 2.Offender 3.Prosecutor 4.Protagonist
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Tort lawsuits are brought by the state in order to punish wrongdoers? 1.True 2.False
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Failure to exercise the degree of care a reasonable person would exercise is… 1.Strict Liability 2.Nuisance 3.Intentional Tort 4.Negligence
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The first pleading filed in a civil case is the… 1.Summons 2.Complaint 3.Subpoena 4.Deposition
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Who brings forth the judgment is a criminal case? 1.The Prosecutor 2.The Jury 3.The Judge 4.The Baliff
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A Jury of Inquiry is a… 1.Petit Jury 2.Grand Jury 3.Hung Jury 4.Jury that can’t make up its mind
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Civil & Criminal trials start the same way? 1.True 2.False
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The written accusation issued by a grand jury is the Complaint? 1.True 2.False
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A minor crime committed is a… 1.Felony 2.Infraction 3.Misdemeanor 4.None of These
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If a judge is deciding a case he must go by the previous Precedents that have been set forth. 1.True 2.False
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Not telling the truth under oath on the witness stand is… 1.A bad idea 2.Insane 3.Contempt of Court 4.Perjury
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The taking back of a offer by the offeror is… 1.Rejection 2.Cancellation 3.Revocation 4.Consideration
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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
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Contract that is legally binding and fully enforceable is a… 1.Void Contract 2.Express Contract 3.Valid Contract 4.Implied Contract
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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
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An express contract must be written? 1.True 2.False
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If a valid offer is met with valid acceptance, the result is… 1.Legality 2.Capacity 3.Genuine Agreement 4.Consideration
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Mutual mistake is also known as… 1.Unilateral Mistake 2.Bilateral Mistake 3.Material Mistake 4.Intentional Mistake
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A deliberate deception to secure unfair or unlawful gain is… 1.Misrepresentation 2.Libel 3.Unilateral Mistake 4.Fraud
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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
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Team Scores
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The legal ability to enter a contract is… 1.Offer 2.Acceptance 3.Capacity 4.Legality
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A person who intentionally fails to reveal an important fact is committing…. 1.Concealment 2.Misrepresentation 3.Fraud 4.None of These
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May a competent adult avoid a contract made with a minor? 1.Yes 2.No
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May the giving up of some right constitute valid consideration? 1.Yes 2.No
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Does consideration require that each party get something of equal value? 1.Yes 2.No
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Unfair and improper persuasive pressure exerted by one in a position of trust on another is called Undue Influence? 1.True 2.False
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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
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Breach of Contract is the wrongful failure to perform one or more promises of a contract? 1.True 2.False
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What is the most common way a contract is terminated? 1.Breach of Contract 2.Mistake 3.Illegality 4.Completion
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When contracts come to an end, they are said to be…. 1.Tendered 2.Discharged 3.Terminated 4.Delegated
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Most contracts are discharged by ______ when the parties fulfill the terms of the agreement. 1.Substantial Performance 2.Complete Performance 3.Performance 4.Tender
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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
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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
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Can a minor disaffirm part of a contract and affirm other parts? 1.Yes 2.No
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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
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Consideration is the exchange of benefits and 1.Debtors 2.Obligations 3.Forbearance 4.Detriments
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Most newspaper ads are considered to be… 1.Offers 2.Bargains 3.Invitations to Negotiate 4.Contracts
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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
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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
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Person who represents another person… 1.Servant 2.Principal 3.Subagent 4.Agent 5.General Agent
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Person whose physical conduct is not controlled by the proprietor 1.Servant 2.Principal 3.Independent Contractor
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A collective bargaining agreement is a contract negotiated by the employer and representative of the union 1.True 2.False
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A(n) Implied Contract is a promise that an employer will treat an employee with fairness and honesty 1.True 2.False
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Things to know Know the following: –Americans with Disabilities act –OSHA –Fair Labor Standards Act –Justified & Unjustified Discrimination
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Computer Law Computer Hacking Software Piracy Source code (Reverse Engineering) Software License Copyright Law Internet E-mail
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Bankruptcies to know Chapter 7 –Liquidation Chapter 11 –Reorganization Chapter 13 –Reorganization of Debts
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Which Chapter of Bankruptcy includes liquidation? 1.Chapter 11 2.Chapter 7 3.Chapter 13
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A business owned by two or more people is called a…. 1.Sole Proprietorship 2.Corporation 3.Partnership
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An artificial person created by law is a… 1.Partnership 2.Sole Proprietorship 3.Corporation
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The Red Cross is a good example of a Profit Corporation? 1.True 2.False
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A company incorporated in Texas but operating in Utah would be considered a Foreign Corporation in Texas? 1.True 2.False
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Land, and anything permanently attached to the land, is… 1.Tangible Property 2.Personal Property 3.Genuine Property 4.Real Property
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It is now up to me to study over the next few days? 1.True 2.False
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Things to Study Chapter Notes This Powerpoint ExamView Review Book
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