WorksheetsBusiness Law Final Review
Total questions: 38
Worksheet time: 20mins
What is the primary basis of common law?
Constitutional amendments
Statutes
Judicial precedent
Written legal codes
Which legal system is common in the US?
International law
Civil law
Common law
Statutory law
What type of law deals with civil wrongs that cause harm or injury?
Contract law
Employment law
Tort law
Criminal law
Which of the following is NOT part of civil law?
Tort law
Contract law
Criminal law
Consumer protection law
What must a plaintiff prove to establish negligence?
Duty of care, intent, causation
Strict liability, breach of duty, damages
Intent, causation, damages
Duty of care, breach of duty, causation, damages
What is true about strict liability?
It applies regardless of care taken
It requires proof of negligence
It is only applicable in criminal cases
It requires proof of intent
Which type of defamation involves written false statements?
Libel
Slander
Negligence
Strict liability
What is always a defense to defamation?
Strict liability
Negligence
Truth
Intent
Which of the following is NOT an element of a valid contract?
Punitive damages
Offer
Consideration
Acceptance
What type of contract is never enforceable?
Real estate contract
Statute of frauds contract
Voidable contract
Void contract
Which contracts are required to be in writing under the Statute of Frauds?
Contracts involving minors
Real estate contracts
Employment contracts
Consumer protection contracts
What is the main purpose of the Statute of Frauds?
To enforce criminal law
To protect intellectual property
To prevent fraud and misunderstandings
To regulate employment practices
What is a major disadvantage of a sole proprietorship?
Limited liability
Unlimited personal liability
Complex formation process
Separate legal entity status
What is a key feature of a corporation?
No formal requirements
Limited liability for shareholders
Owners are the same legal entity as the business
Unlimited personal liability
What does a trademark protect?
Inventions and processes
Creative works
Logos, brand names, slogans
Confidential business information
Which type of intellectual property protects inventions?
Trademark
Trade secret
Copyright
Patent
What is the correct sequence of a civil court process?
Discovery, filing a complaint, trial, appeal, verdict
Filing a complaint, trial, discovery, pre-trial motions, verdict, appeal
Filing a complaint, discovery, pre-trial motions, trial, verdict, appeal
Trial, filing a complaint, discovery, verdict, appeal
What is the burden of proof in a civil case?
Clear and convincing evidence
Absolute certainty
Beyond a reasonable doubt
Preponderance of the evidence
What does OSHA protect employees from?
Unfair wages
Defamation
Unsafe working conditions
Wrongful termination
What is true about whistleblowers under OSHA?
They are only protected in criminal cases
Employers can legally retaliate against them
They are protected from retaliation
They must prove negligence to be protected
What is wrongful termination typically handled in?
International court
Administrative agencies
Civil court
Criminal court
What is the purpose of punitive damages?
To compensate the plaintiff
To punish the defendant
To enforce contracts
To protect intellectual property
What type of tort applies when a defective product causes harm?
Negligence
Strict liability
Defamation
Contract law
Does the plaintiff need to prove negligence in strict liability cases?
No
Yes
Only in criminal cases
Only for defamation
Why does strict liability apply in defective product cases?
Because the product is inherently safe
Because intent must be proven
Because liability applies regardless of care
Because negligence must be proven
What is an example of a voidable contract?
A contract with punitive damages
A real estate contract
A contract involving intellectual property
A contract signed under duress
What is the standard of proof in civil cases?
Absolute certainty
Clear and convincing evidence
Preponderance of the evidence
Beyond a reasonable doubt
What does trade secret protect?
Logos and brand names
Inventions and processes
Creative works
Confidential business information
What is the key distinction between trademarks and patents?
Trademarks protect branding, not products
Patents protect branding, not products
Patents protect slogans, not inventions
Trademarks protect inventions, not branding
What is the main role of judges in common law systems?
To create statutes
To enforce written legal codes
To interpret the law based on precedent
To apply statutes
ALL serious agreements are contracts.
True
False
Which element is essential for a contract to be considered valid?
Hiigh cost of the contract
Mutual consent and legality
Presence of a notary
Approval by a government agency
Consideration is...
a set of mutual promises in which each party agrees to give up something to the benefit of the other.
The amount of time one has to accept an offer.
The 5 minutes following an offer that must elapse before an acceptance can take place.
The element of a contract that says the value of what each party is giving up must be equal.
What is the first element of a contract?
Consideration
Acceptance
Capacity
Offer
Which of the following is a remedy to a breached contract?
Money Damages
Restitution
Specific Performance
All of the above
Contracts are the agreements between two or more parties that create obligations.
True
False
To take disputes to court
Litigate
Arbitrate
Mediate
Appellate
A court of law where cases are tried in the first place, as opposed to an appeals court.
Leniency
Infraction
Trial
Civil
