Unit 2_Section 1_Legal Terms Quiz

What is the definition of 'due diligence' in legal terms?

• The definition of 'due diligence' in legal terms is the research and analysis conducted before entering into an agreement or transaction to ensure all relevant facts are known and risks are understood.

• Due diligence is the legal term for conducting business without any research

• Due diligence refers to the act of signing a contract without reading it

• Due diligence is the process of avoiding legal responsibilities

Provide an example of a 'breach of contract'.

• Failure to deliver a product by the agreed-upon date.

• Exceeding the agreed-upon budget for a project.

• Changing the terms of the contract without mutual consent.

• Providing a different product than specified in the contract.

Explain the meaning of 'pro bono' in the legal context.

• Legal services provided remotely to international clients

• Legal services provided for free or at a significantly reduced cost to clients in need.

• Legal services provided for a fee to wealthy clients

• Legal services provided only to corporate clients

When can 'force majeure' be invoked in a contract?

• When the weather is bad

• If one party changes their mind

• Unforeseen circumstances beyond the control of the parties

• On a leap year

Define 'affidavit' and its purpose in legal proceedings.

• An affidavit is a document signed by a judge in legal proceedings.

• An affidavit is a written statement confirmed by oath or affirmation, used as evidence in court. Its purpose in legal proceedings is to provide a firsthand account of facts or events from the perspective of the affiant.

• An affidavit is a type of contract used in court cases.

• An affidavit is a verbal statement used as evidence in court.

What does 'amicus curiae' refer to in a court case?

• A person or organization that is not a party to the case but offers information or expertise to assist the court in making a decision.

• A form of legal currency used in court

• The final decision made by the judge

• A type of legal document submitted by the defendant

How is 'voir dire' used in the jury selection process?

• It is used as a preliminary examination of potential jurors to determine their suitability and impartiality for the case.

• It is used to decide the length of the trial.

• It is used to determine the defendant's guilt or innocence.

• It is used to select the judge for the case.

What is the significance of 'precedent' in legal decision-making?

• Precedent ensures consistency, predictability, and fairness in legal decision-making.

• Precedent guarantees flexibility, inconsistency, and bias in legal decision-making.

• Precedent hinders progress, innovation, and equality in legal decision-making.

• Precedent promotes ambiguity, subjectivity, and discrimination in legal decision-making.

Explain the term 'tort' and give an example.

• A tort is a type of dance popular in the 1920s.

• A tort is a civil wrong that causes harm or loss to someone, giving the injured party the right to sue the wrongdoer for damages. An example of a tort is negligence, where a driver fails to stop at a red light and causes an accident resulting in injuries to another driver.

• A tort is a type of dessert served at fancy restaurants.

• A tort is a legal document used in property transactions.

When can 'quid pro quo' be considered illegal?

• When it involves exchanging something of no value for a specific action that is unethical

• When it involves exchanging something of value for a specific action or favor that is unethical, illegal, or against the law.

• When it involves exchanging something of value for a specific action that is legal

• When it involves exchanging something of value for a specific action that is ethical