Business Law Final Exam Review1

A bailment is a

• transfer of property.

• temporary transfer of property.

• a legal process to cancel bankruptcy.

• a legal process to cancel debt.

If a law enforcement officer induces a law-abiding citizen to commit a crime, the accused may claim

• self-defense.

• endangerment.

• entrapment.

• insanity.

Statutory laws are signed by the president or governor after they are passed by the

• state's attorney.

• commerce board.

• legislators.

• regulatory agencies

One advantage of arbitration is

• that the parties are kept apart from each other.

• the final decision remains in the hands of the parties.

• the final decision is in the hands of an objective third party.

• that it can actually highlight the disagreement between the parties.

An appeal in a civil case can

• be based only on the arguments made during arraignment.

• be based only on a legal mistake by the judge.

• lead to a retrial at the appellate level.

• lead to fines or imprisonment.

In civil, as opposed to a criminal case,

• the government brings charges against a person.

• the law is intended to protect the general public.

• the case is investigated by the state.

• a person is not guaranteed a lawyer.

Decisions made by the highest court of any state follow the law of

• original jurisdiction.

• prosecution.

• citation.

• precedent.

A set of laws made by the courts based on the customs and traditions of the people is called

• the Roman code.

• administrative law.

• common law.

• moral law.

Failure to exercise a degree of care a reasonable person would exercise is

• strict liability.

• negligence.

• nuisance.

• an intentional tort.

The act of stealing goods from a store is known as

• trespassing.

• public nuisance.

• consumer crime.

• shoplifting.