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Business Law Midterm Study Guide

52 Questions  I  By Rmerklen3
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1.  Which of these is rescission?
A.
B.
C.
2.  Which of these statements about common law is not valid?
A.
B.
C.
D.
3.  How many districts of courts are there in the us?
A.
B.
C.
D.
4.  Which one of the following is NOT an accurate description of the concept of law?
A.
B.
C.
D.
5.  Company A files a suit against Company B. Before going to trial, the parties, with their attorneys, meet  to try to resolve their dispute. A third party helps them to reach an agreement. This is
A.
B.
C.
D.
6.  Which is the correct order for the transfer of real property ownership?
A.
B.
7.  Which of these is injunctive relief?
A.
B.
C.
8.  Which of these doesnt describe substantive law? (what the law is)
A.
B.
C.
D.
9.  Which of these describes the us court for the federal circuit
A.
B.
C.
D.
10.  Which of the following isnt a branch of the us government?
A.
B.
C.
D.
11.  Which of these statements about statutory law is not valid?
A.
B.
C.
D.
12.  Which of these is specific performance?
A.
B.
C.
13.   Georgia, like other states, may regulate private activities to protect or promote the public order, health,  safety, and general welfare under its
A.
B.
C.
D.
14.  . Jackie and Jonathan take title to a drive-through Koffee Kiosk in such a way that if one dies, the other  will be the sole owner. Jackie and Jonathan own the kiosk as
A.
B.
C.
D.
15.  Which of these describes the us circuit court of appeals?
A.
B.
C.
D.
16.  Is this a correct definition of standing?: a requirement that a party must have a legally protected interest at stake sufficient to justify seeking relief through the court system
A.
B.
17.  Which of these doesnt describe federal law?
A.
B.
C.
D.
18.  Which of these describe the us court of international trade
A.
B.
C.
D.
19.  Which of these isnt involved in the transfer of ownership of real property?
A.
B.
C.
D.
20.  Which describes personal property?
A.
B.
21.  Which of these is a part of "action in equity"
A.
B.
C.
D.
22.  Household Furnishings, Inc., distributes its merchandise on an interstate basis. Under the commerce  clause, Congress has the power to regulate
A.
B.
C.
D.
23.  what is not one of the three elements that must be established before a lawsuit can be filed?
A.
B.
C.
D.
24.  What does stare decisis stand for?
A.
B.
C.
D.
25.  Tom owns Butler Landing Office Park. His ownership rights include the right to sell or give away the  property without restriction, as well as the right to commit waste, if he chooses. Tom’s ownership interest  is
A.
B.
C.
D.
26.   In Alabama, the highest-ranking (superior) law is
A.
B.
C.
D.
27.  As a judge, William applies common law rules. These rules develop from
A.
B.
C.
D.
28.  Denver, Colorado, passes an ordinance to regulate waste disposal. The disposal of waste may also be  regulated by
A.
B.
C.
D.
29.  Which of these is a part of "action at law"
A.
B.
C.
D.
30.   George publishes a book titled Second Place, which includes a chapter from Bill’s copyrighted book  Outstanding House Racers without Bill’s permission. George’s use of the chapter is actionable
A.
B.
C.
D.
31.  Which of these rights doesnt come with the ownership of property?
A.
B.
C.
D.
32.  Which of the following isnt a part of "action at law"
A.
B.
C.
D.
33.  United Brands Company and  Supreme Goods, Inc., use the mark “Good Housekeeping Seal of  Approval” to certify the quality of their products. United and Supreme are not in business together and do  not own this mark. The mark is
A.
B.
C.
D.
34.  Which of the following are included as land:
A.
B.
C.
D.
35.  Which of these statements about administrative law is not valid?
A.
B.
C.
D.
36.  Which of these doesnt describe procedural law? (how the law is applied)
A.
B.
C.
D.
37.   The River City Council, the Santa Clara County Board, the Texas state legislature, and the U.S.  Congress pass laws. These laws constitute
A.
B.
C.
D.
38.  Which source of law takes priority among the following?
A.
B.
C.
D.
39.  Which of the following isnt part  of "action in equity"
A.
B.
C.
D.
40.  Which of these describes the us court of federal claims
A.
B.
C.
D.
41.  A Metro City ordinance allows only a few street vendors to operate in certain areas, for the purpose of  reducing traffic. A court would likely hold this ordinance to be
A.
B.
C.
D.
42.  Examples of real include:
A.
B.
C.
D.
43.  Which of these doesnt describe state law?
A.
B.
C.
D.
44.  Which of these statements about constitutional law is not valid?
A.
B.
C.
D.
45.  Which describes real property?
A.
B.
46.  Which of these describes the us bankruptcy courts
A.
B.
C.
D.
47.  Which of these describes the us district courts
A.
B.
C.
D.
48.  Which of the following isnt a source of international law?
A.
B.
C.
D.
49.  Samantha files a suit against Mark, a medical doctor, alleging negligence. As a physician, Mark is  held to the standard of
A.
B.
C.
D.
50.  Sonya and Tonya buy a condo near the beach in Mobile, Alabama. On the death of either owner, that  owner’s interest in the condo passes to her heirs. This is
A.
B.
C.
D.
51.  Which source of law takes priority among the following?
A.
B.
C.
D.
52.  Persons who favor the creation of a National Biotech Agency to regulate the production of genetically  altered agricultural products should concentrate their lobbying efforts on
A.
B.
C.
D.
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