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WorksheetsIntroduction to Business law
Total questions: 54
Worksheet time: 51mins
Name
Class
Date
1.
A legally enforceable agreement between two or more parties
a)
Breach
b)
Contract
c)
Partnership
d)
Legally Binded Partition
2.
Which one is not a right a consumer has
a)
Consumer gains clear title to the good
b)
Goods must match the sample
c)
Productions must be fit for purpose
d)
Consumers can receive a refund on all occasions
3.
The competition and consumer act 2010 restricts certain behaviours, which one isn't on there?
a)
Exclusionary provisions
b)
Price fixing
c)
Changing production trends
d)
Exclusive Dealing
4.
Which one is true: Contracts must also have
a)
No misrepresentation, duress or undue influence
b)
Give time to their business partners
c)
Money or free items
d)
A set abide of rules following the 2010 Act.
5.
A tort is:
a)
A civil wrong action in which breaches ones personal rights
b)
the breach of ones personal right and property
c)
The taking of someone stuff
d)
the infringement of the rights of one individual by another
6.
Negligence is when...
a)
a person breaches ones personal property, in return affecting their social status.
b)
someone should exercise a duty of care fails to do so and a second party suffers loss or damage due to that failure.
c)
the breach of ones rights, in turn causing damage to a second party resulting in suffering and failure.
d)
a party denies ones business proposition, which can affect their company and cause a suffering to occur.
7.
Which of the four basic elements of a successful negligence claim is false?
a)
Duty of care owed
b)
Duty of care breached
c)
Foreseeable damage result
d)
Change in the nature of the person
8.
Businesses are allowed to setup anywhere, as long as they are registered and have the funds available.
a)
False
b)
True
9.
Do taxation laws apply to all businesses
a)
Yes
b)
No
10.
If a business randomly becomes a partnership, are new laws and regulations required?
a)
Yes
b)
No
11.
11) At the bottom level of the federal court system are the federal
a)
small claims courts
b)
district courts
c)
municipal courts
d)
appellate courts
12.
12) People who are engaged in extremely dangerous activities may be held liable even without negligence or malice; this is known as the doctrine of
a)
assumption of risk
b)
strict liability
c)
unintentional liability
d)
dangerous liability
13.
13) When a minor disaffirms a contract, the merchandise received upon entering the contract should be
a)
undamaged
b)
returned
c)
paid for
d)
ratified
14.
15) A guarantee of quality imposed by law and not in writing is a(n)
a)
implied warranty
b)
limited warranty
c)
oral warranty
d)
express warranty
15.
16) Insurance that pays for damage from some type of impact to the insured's own car is
a)
property damage liability insurance
b)
comprehensive insurance
c)
collision insurance
d)
uninsured
16.
17) To assist consumers who receive bills for charges they dispute, Congress passed the
a)
Fair Credit Billing Act
b)
Fair Debt Collection Practices Act
c)
Fair Credit Reporting Act
d)
Disputed Charges Reform Act
17.
18) A check that is issued against a checking account with insufficient funds or against a bank in which the drawer has no funds is a(n)
a)
void check
b)
stale check
c)
outstanding check
d)
bad check
18.
19) Liability to pay only under certain conditions have been met is
a)
primary liability
b)
secondary liability
c)
tertiary liability
d)
surety liability
19.
20) A corporation organized for the purpose of making money is a(n)
a)
stock corporation
b)
profit corporation
c)
public corporation
d)
nonprofit corporation
20.
21) All corporations issue
a)
preferred stock
b)
par value stock
c)
common stock
d)
no-par value stock
21.
22) A group of shareholders who make a contract to vote in a certain way on a certain issue have made a
a)
pooling agreement
b)
proxy
c)
shareholder proposal
d)
voting trust
22.
23) Payment to a divorced person by a former spouse for support and maintenance is known as
a)
alimony
b)
judgment
c)
support payment
d)
child support
23.
25) The written instrument by which the borrower pledges real property to the lender as security for a loan is the
a)
general warranty deed
b)
purchase and sale agreement
c)
lease
d)
mortgage
24.
27) The agreement that creates the landlord-tenant relationship is a
a)
covenant
b)
lease
c)
tenancy
d)
mortgage
25.
28) A landlord who deprives a tenant of electricity is guilty of
a)
destructive eviction
b)
constructive eviction
c)
tort liability
d)
negligence
26.
29) Anything beyond reasonable wear and tear to rental property is known as
a)
termination
b)
sufferance
c)
waste
d)
damage
27.
30) The person who receives the insurance proceeds is the
a)
policyholder
b)
beneficiary
c)
insurer
d)
recipient
28.
When someone is accused of a crime, the type of case is ____________.
a)
civil
b)
criminal
29.
If you appeal a case, you are going to ____________.
a)
appellate court
b)
trial court
30.
The court that gets to decide what is constitutional _____________.
a)
Supreme Court
b)
Court of Appeals
31.
If the appellate court thinks a decision was wrong, it will_____________.
a)
affirm the decision
b)
reverse the decision
32.
If a group of people gives the verdict after a trial, that trial was a __________.
a)
jury trial
b)
bench trial
33.
A word that means “relating to the rights of citizens” ___________.
a)
criminal
b)
civil
34.
The Supreme Court has _______ justices.
a)
three (3)
b)
nine (9)
35.
If an appellate court sends a case back to the trial court, it has _________the case.
a)
affirmed
b)
remanded
36.
If you go to the Court of Appeals, you will see _______ judge(s).
a)
three (3)
b)
one (1)
37.
The decision in a case is called the ________.
a)
evidence
b)
verdict
38.
If you break a law of the United States, your case will probably be in _________ court .
a)
federal
b)
state
39.
At trial, lawyers try to prove their case using __________.
a)
an appeal
b)
evidence
40.
State courts were created by ____________.
a)
the US Constitution
b)
state constitutions
41.
Lawyers don’t have to file any kind of paperwork at the Court of Appeals.
a)
TRUE
b)
FALSE
42.
To ask the Supreme Court to take your case, you file a petition
a)
TRUE
b)
FALSE
43.
A panel of three judges in the Court of Appeals is called an “en banc” panel.
a)
TRUE
b)
FALSE
44.
Higher courts use totally different factors to judge a case than the lower court used.
a)
TRUE
b)
FALSE
45.
The Court of Appeals only hears a case en banc in very important situations.
a)
TRUE
b)
FALSE
46.
A precedent case acts like a law for future cases with very similar facts.
a)
TRUE
b)
FASLE
47.
The Court of Appeals must take every case appealed to it.
a)
TRUE
b)
FALSE
48.
A decision made by an appellate court that acts as a law to cases with very similar facts is called a(n) _______________.
a)
opinion
b)
precedent
c)
trial
d)
hearing
49.
The Supreme Court must take every case appealed to it.
a)
TRUE
b)
FASLE
50.
A court where a case begins is called a(n)_________ court.
a)
appellate
b)
trial
c)
primary
d)
original
51.
The highest court you can appeal to is ________________.
a)
Night Court
b)
The State Supreme Court
c)
The U.S. Supreme Court
d)
the Court of Appeals
52.
Decisions from the Court of Appeals and the Supreme Court are precedent for new cases.
a)
TRUE
b)
FALSE
53.
The Supreme Court only hears cases with __________ issues.
a)
juvenile
b)
business
c)
important
d)
civil rights
54.
A written document a lawyer files with the court to explain his or her arguments is called a(n) ______________.
a)
record
b)
opinion
c)
transcript
d)
brief
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