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WorksheetsBusiness Law Final Exam Review
Total questions: 50
Worksheet time: 25mins
A set of laws made by the courts which provides a series of consistent rules that later court must follow.
Common Law
Moral Law
Precedent
A past case that a court follow when making a present decisions.
Precedent
Defendant
Common Law
A person who is accused of a crime.
Defendant
Plaintiff
Prosecutor
The party that accuses a person of a crime. In a criminal proceeding, the government is referred to as the plaintiff.
Plaintiff
Defendant
Prosecutor
Formal papers are filed by the plaintiff. Procedures can often be altered or changed by the agreement of the parties and judge.
Civil Law Procedure
Criminal Law Procedure
State Law Procedure
Criminal case starts when the defendant is arrested. Defendants have a right to due process. Procedures must be followed exactly.
Criminal Law Procedure
Civil Law Procedure
Federal Law Procedure
An appeal can only be based on a legal mistake by the judge.
Civil Case appeals
Criminal Case appeals
State Court appeals
When parties to a dispute invites a third party to help them to solve the problem. The third party tries to persuade the parties to compromise. This can be done voluntarily, or as required by a court.
Mediation
Arbitration
Concilliation
An appeal is a request to a higher court to reverse a lower court’s decision. Appellate jurisdiction is the power to hear an appeal from a lower court.
Appellate Process
General Court Process
State Court Process
A statute is created when legislature passes a proposed law, or bill. A law does not go into effect until the President (Federal Law) or Governor (State Law) signs it.
Statutory Law Process
Appellate Process
State Law Process
States must respect each other's laws and citizens. States are required to give "full faith and credit" to the laws and court decisions of other states.
Article IV of the Constitution
Article II of the Constitution
Article V of the Constitution
The wrongful taking of property by someone lawfully entrusted with possession and control of that property.
Embezzlement
Shoplifting
Robbery
What happens if a person is found guilty by reason of insanity?
Psychiatric Treatment
They go to jail
They get fined
Occurs when a person lies under oath during a court process or an administrative procedure.
Perjury
Breach of Contract
Embezzlement
The willful and malicious burning of a house or a building
Arson
Disparagement
Larceny
Placing a false signature on a check or other document with the intent to deceive someone in order to deprive that person of his or her property.
Forgery
Disparagement
Larceny
Stealing goods from a store.
Shoplifting
Larceny
Robbery
When criminals put money into legal businesses to hide large sums of money obtained illegally.
Money Laundering
Embezzlement
Larceny
Interfering with somebody’s land or real property and/ anything built on, attached to or under the land.
Trespass
Forgery
Disparagement
The legal doctrine that says that some activities are so dangerous that liability will always follow any injury that results from those activities.
Strict Liability
Assumption of Risk
Breach of Contract
Contributory Negligence; Comparative Negligence; Assumption of Risk
Defenses to Negligence
Defenses to Breach of Contract
Defenses to Embezzlement
Intentional Torts
Assault and Battery; Defamation; Trespass
Murder; Manslaughter; Rape
This statute provides prison terms and fines for anyone who creates an electronic duplicate of a copyrighted work for commercial profit or private financial gain.
No Electronic Theft Act
Uniform Computer Information Transactions Act
Anticybersquatting Consumer Protection Act
Involves transmitting computer viruses to people to destroy their computer system or files.
Cybergerm Warfare
Cyberspoofing
Cyberpiracy
A crime in which a cybercriminal falsely adopts the identity of another computer user or creates a false identity on a computer Web site in order to commit fraud.
Cyberspoofing
Cybergerm Warfare
Cyberblackmail
The taking back of an offer by the offeror
Revocation
Rejection
Counteroffer
A contract the court will not uphold, generally because of some rule of law, such as the statute of limitations.
Unenforceable Contract
Expired Contract
Revoked Contract
Invitations to deal, trade, or make an offer.
Invitations to Negotiate
Invitations to Contract
Invitations to Buy
If a minor disaffirms a contract
They must return the merchandise
They must pay for the merchandise
They must keep the merchandise
Something a party gives up in an agreement.
Detriment
Genuine Agreement
Benefit
Contracts that pay somebody else’s debts; Contracts to pay debts of a person who has died; Contracts requiring more than a year to perform; contracts in consideration of marriage; Contracts for the sale of goods; Contracts to sell real property
Contracts that must be in writing
Contracts that must be oral
Express Contracts
Promissory Estoppel is the principle that a promise made without consideration may nonetheless be enforced to prevent injustice and is an example of an exception to the requirement of consideration.
Exceptions to consideration
Exceptions to contracts
Exceptions to offers
Asks the court to order the other party in a contract to do what he or she agreed to do.
Specific Performance
Injunction
Option
An act that threatens a person’s income or business that makes that person enter a contract without real consent.
Economic Duress
Undue Influence
Remedy
How many days do you have to report an error on your credit card bill?
60 Days
30 Days
90 Days
The Act was passed to protect consumers from being harassed by debt collectors and to make it illegal for those collectors to impersonate government officials.
Fair Debt Collection Practices Act
Equal Credit Opportunity Act
Fair Credit Reporting Act
Also called Ordinary Bankruptcy, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
Chapter 7 Bankruptcy
Chapter 11 Bankruptcy
Chapter 13 Bankruptcy
In this Bankruptcy, you use your income to pay some or all of what you owe to your creditors over time -- from three to five years, depending on the size of your debts and income.
Chapter 13 Bankruptcy
Chapter 7 Bankruptcy
Chapter 12 Bankruptcy
What are the three national credit reporting agencies?
Equifax, Trans Union, and Experian
Equifax, Trans Credit, and Experian
Equitable, Trans Union, and Experian
When a portion of a person’s paycheck is withheld for payment of a debt. It cannot exceed 25 percent of their take-home pay.
Garnishment
Withholding
Taxes
Also called the Consumer Protection Act, this law was designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
Truth in Lending Law
Truth in Reporting Law
Truth in Credit Law
A legal proceeding involving a person or business that is unable to repay outstanding debts.
Bankruptcy
Garnishment
Breach of Contract
Makes employers responsible for verifying the identity and employment eligibility of all employees.
Immigration Reform Act
Credit Reform Act
Bankruptcy Reform Act
A government program that provides continuing income to workers and their dependents when their earnings stop or are reduced because of retirement, disability, or death.
Social Security Act
Retirement Act
Federal Income Tax Act
The purpose of this Agency is to set up a national policy for fighting pollution, and to protect the environment and human health from exposure to hazardous chemicals and waste.
EPA
EEOC
FDA
Agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information. It also hears complaints about discrimination.
EEOC
EPA
OSHA
An organization of employees formed to promote the welfare of its members.
Union
Agency
Corporation
Requires employers to negotiate wages, hours, and conditions of employment with unions. It also created the National Labor Relations Board (NLRB) to hear complains about unfair labor practices.
Wagner Act
Norris-LaGuardia Act
Taft-Hartley Act
Forbids discrimination on the basis of a disability if the disabled individual can do the essential functions of a job.
ADA
OSHA
FDA
Created in 1977, it has a dual function: to develop and implement a national policy on energy resources and it has the responsibility for the nation’s nuclear energy program.
Department of Energy
Department of Education
Department of Nuclear Energy
