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Introduction To Business Law Ultimate Test (Long) - Quiz
The 'Introduction to Business Law Ultimate Test (Long)' assesses knowledge on fundamental legal principles, including the nature of law, sources of law, and specific areas like tort law and statutory law. It is designed for learners looking to understand how legal frameworks operate within a business context.
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Another term for lawyers is counsel.
True
False
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In a civil case, you can skip any levels of court.
True
False
A board set up with "court-like" proceedings, is known as a _____.
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A private run facility that moderates/settles disputes outside of the court system is known as a _____.
When no changes to the contract come back, it is known as _____.
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An inequality of bargaining power is known as _____.
The prohibition of any use of material that contradicts the written material is known as _____.
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An act of god that makes the contract impossible to perform is known as _____.
When you fail or refuse to carry out the terms of a contract, it is known as a _____ of contract.
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What is the highest form of ownership?
What is it called when courts look to similar cases in other provinces?
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What type of contract discharge can a person sue?
Define "malum per se".
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Define "non compos mentis".
What does the term "acquiescence" mean?
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Define "uberrimae fidei".
When someone holds something for you, either gratuitous or not, it is known as _____.
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Under an insurance contract, you are not entitled to replacement value, however are entitled to _____.
In an insurance contract, when you step into the persons shoes and go after the wrongdoer, it is known as _____.
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In an insurance contract, when you turn over the rights to something and they pay you out, this is known as _____.
In an insurance contract, when you look to multiple parties for coverage, it is known as _____.
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If the employer has _____, they have the right to terminate the employment contract.
When the just cause is not so serious, the employer has a _____.
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What does C.B.A stand for?
The type of law that deals with causing harm is known as _____.
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In latin, "tortus" means _____.
If what you are doing is causing harm to someone else, you could be held responsible under _____ law.
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Assault & battery are examples of _____ harm.
It is not considered _____ unless there is physical contact.
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A person can be charged and convicted for _____ to do something.
For assault to occur, you do not necessarily have to have _____.
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Coming up behind someone or attacking them while they are asleep is known as _____, because they did not fear the assault.
Define "volenti non fit injuria".
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Define "mens rea".
What are the two lesser forms of ownership than fee simple? and
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What determines whether you can or cannot take out a policy of insurance? Must determine insurable interest which is determined by and .
What are the two types of personal harm under tort law? and
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Another word for "absolute defence" is _____.
A false statement about one's business intended to undermine or cause a loss to the person's business is known as _____.
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What is it called when you cannot be sued for defamation?
Affecting someone's lawful ownership and enjoyment of property is known as _____.
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The two types of intentional tort under property are and .
Taking something without permission or keeping it past the time that you are supposed to return it is known as _____.
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Fault is determined by way of _____.
Another word for unintentional harm is known as _____.
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When you verify whether or not they met or exceeded the standard, you are determining whether there was a _____.
When you question whether or not the person was the direct cause by their actions, you are determining if there was _____.
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_____ do not fall under "novus actus interveniens".
The branch of negligence that deals with homeowners liability for poeple who are hurt on their property is known as _____.
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Someone who is on your property lacking permission/consent to be there is known as a _____.
Someone on your property with expressed or implied permission is known as a _____.
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The commercial side of being on someone's property is known as _____.
When you pay money or are hired to do something on the property, it is referred to as _____.
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When you are trying to sue someone else in addition to the wrongdoer or instead of the wrongdoer, it is known as _____.
Vicarious liability is another word for _____.
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Any chattel that is permanently attached to the land becomes a part of the land as is known as a _____.
Define the "think skull rule".
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What type of credit arrangement is paid out first?
A detailed contract stating that you will pay is known as a _____.
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When you add in the element of providing security to the debtor, it is known as _____.
What is the term used to describe a default on a mortgage?
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Another term to describe an "agreement for sale" is known as _____.
Things where you can use contracts as security are referred to as _____.
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A testamentary instrument is also known as a _____.
If your name is on a will as a beneficiary, you do not have any rights until _____.
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and are the two categories of a valid will.
A will done entirely in your own handwritting is known as a _____.
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Directing that certain things should happen if you become incapable is known as a _____.
If we are married for 5 years you get 10%, if we are married for 10 years you get 20% is known as a _____.
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The three methods of carrying on business are , , and _____.
What I own prior to the marriage is solely considered mine.
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False
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Unlimited personal liability, limit of capital, and limit of expertise are all disadvantages of a _____.
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76. The two forms of remedy include: and .
77. The two types of co-ownership are known as and .
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78. Giving somebody else the responsibility to contract on your behalf is known as .
79. What does the term "on all fours" mean in relation to a case?
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80. The three types of remedies that occur under an insurance contract include: , , and .
81. When agency is not specifically stated, it is known as .
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82. In order to receive benefits, you must be classified as an .
83. law trumps law.
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84. The three types of intentional harm under tort law include: , , and .
85. and are the two types of criminal charges.
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86. If someone is trespassing, you still owe them a duty of care.
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False
87. Loss of control, and having to share the wealth are disadvantages of a .
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88. The five elements of a lawful contract include: , , , , and .
89. The four types of contracts include: , , , and .
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90. If you are charging the person you are known as the . I you are being charged, you are known as the .
91. A promise for a promise, as well as a promise for a good or exchange of service, is known as .
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92. and are the two situations in which privilege occur.
93. An act or event that breaks the causal connection between a wrong or crime committed by the defendant and subsequent happenings is known as .
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94. The three ways in which an agency contract is created include: , , and .
95. Is [your statement here] true or false?
True
False
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96. What is law?
97. Define "statute".
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98. , , , , and correspond to provincial powers.
99. What are the three types of economic harm? , and .
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100. The four reasons as to why the person was on your property include , , , and .
101. Define "mandatory minimums".
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102. What two sources make the law?
103. What kind of law can you sue for money damages?
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104. What are the three levels of court?
105. , , , , and _____ correspond to federal powers.
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106. Differentiate between a civil and a criminal case requirement.
Civil Case
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Criminal Case
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107. The following items are not valuable in law: , , and .
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108. Contracts are discharged by , , , , and .
109. What kind of jury requires a unanimous decision?
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110. Define the term contract.
111. What five types of contracts must be in writing? , , , , , and .
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112. If they do not have just cause, the employer must provide either , or .
113. The jury is responsible for verifying , and the judge is responsible for verifying the . If there is no jury, the judge takes care of both.
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114. What is a contract for necessaries?
115. , , , and are the four ways that you can get title.
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116. and are two remedies available when an unsecured credit arrangement defaults.
117. , , , and are the four things that a mortgage contract sets out.
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118. The three ways in which you can secure debt include: , , and .
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119. When you are on jury duty and cut off from everything, it is known as being .
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120. The threat or use of physical harm is known as .
121. Define "stare decisis".
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122. Define "privity of contract".
123. Define "consideration".
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124. , , and are the three ways in which agreement ends a contract.
125. Define "de minimas non curat lex".
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126. What is the person who sets up the contract called?
127. Define reasonable apprehension.
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128. When can you use the term innocent? and
129. Under bailment contracts, what items are excluded?
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130. Define "expropriation".
131. Define "indemnity".
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132. What is the purpose of determining money damages?
133. Define "material misrepresentation".
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134. What is third party liability?
135. What does ratifying an agency contract mean?
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136. What are the two types of defamation of character? and .
137. Define inducing breach of contract.
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138. Define "qualified privilege".
139. Trespass can either be a or a .
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140. The four elements of negligence include , , , and .
141. and are the two questions that must be asked when establishing the standard of care.
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142. Applying rules for being on someone's property is meant to
143. What is the purpose of registry systems?
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144. Contract od debt is going to either occur via a format or a format.
145. A credit arrangement is either or .
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146. What is the maximum amount of annual interest that can be charged per year?
147. If you go to court as an unsecured creditor and get a judgment, you may now have more options including , , and .
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148. A credit agreement made, however they do not show up to court is known as a .
149. Who grants a mortgage?
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150. What kind of consideration does a guarantor have?
151. When someone comes after you for the whole debt, irrespective of the percent stake in the company, it is known as .
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152. What is a person called who makes the will?
153. If you are named in a will, you can .
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154. Directing that certain things should happen if you become incapable is known as a .
155. The advantages of a sole proprietorship include and .
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2 comments
There are not 4 elements to an offer. There are 4 elements to a binding contract, and an offer is the 1st
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