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Business Law Pre Quiz Flashcards | StudBud
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Business Law Pre Quiz
Business Law Pre Quiz
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Flashcards
26 cards
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Questions
26
Answers
1
T/F: A counteroffer terminates the original offer with new terms, conditions, and consideration
False
True
2
______________ is also known as a court action or a lawsuit
Litigation
Discovery
Jurisdiction
Court Summons
3
IF Beyonce were to double book a Sat. night for two shows, would she be held liable for damages
No, because you cannot be liable for entertainment
No, because she's Beyonce
Yes, because of the statute of limitations
Yes, because everything a large group is legally binding
4
This type of law has been passed by legislative bodies
Statute Law
Criminal Law
Common Law
Constitutional Law
5
This is something that "sets the bar". It is a decision upon which later decisions are made.
Verdict
Jurisdiction
Precedent
Remedy
6
If you do something illegal, which of the following might be a consequence?
Death
All of them
Imprisonment
Compensation (payment of damages)
7
This type of compensation is typically a punishment ordered by the court in $$$$
Compensatory damages
Punitive damages
Contributory damages
Comparative damages
8
Public employees are entitled to know for the reasons of being let go. The process is known as
Due Process
Labor Review Procedure
Administrative Review
Discharged for Cause
9
A will only takes effect when?
After a year of the date of the creation of the will
When it is signed
Upon the death of the maker
Upon the official writing of the document
10
If you were a parent and your kid had a party involving drinking. You might be liable due to
Strict Liability
Absolute Liability
Vicarious Liability
Negligence
11
Which of the following crimes is considered to be the most severe?
Warning
Misdemeanor
Infraction
Felony
12
During an interview which of the following can you NOT ask about?
Schooling
Prior Work Experience
Languages Spoken
Ethnic Background
13
Within a trial, this person has the roll of planning strategy and presenting evidence.
Judge
Attorney
Witness
Bailiff
14
In this place, laws are interpreted and applied
Testate
Appellate
Intestate
Court
15
Which authority or government regulates INTRASTATE government?
Individual government
Federal government
State government
The police force
16
What would be one possible (reasonable) defense if you committed a crime?
Criminal Insanity
Immunity
Affluenza
Ignorance
17
T/F: Another person can enter into a contract for you
True
False
18
IF you were forced into a contract due to a threatening situation, this would be considered...
Bribery
Duress
Fraud
Undue Influence
19
A contract that is written or oral with specific criteria, consideration, and terms
bilateral
void
express
implied
20
If Mike was delivering pizzas and hit a person while looking for a house to deliver to...
the pizza place would be at fault
He would be the only one at fault
both Mike and the pizza place are at fault
the guy being hit was negligent
21
White collar crimes include most the following crimes except for which?
Bribery
Armed Robbery
Forgery
Extorsion
22
The formal accusation of a crime prepared by a grand jury is called
Plea
Indictment
Discharge
Verdict
23
A wrong against an individual is known as a _______.
lawsuit
tort
verdict
plea
24
What is the main reason that minors are allowed to rescind a contract?
To discourage kids from entering into contracts
To protect adults from dealing with kids
Allows kids to enjoy benefits without any harsh rules
To protect kids from dealing with adults
25
A non-business agreement or promise that is not legally enforceable by law. Ex: a prom date
Valid Contract
Bilateral Contract
Social Agreement
Voidable contract
26
If you happen to pass away without a valid will, where does your money go first?
to Husband or Wife
To pay off your debts
To your children
To the government
