DSST Business Law II Exam Prep Test
Business law is the branch of law concerned with the duties, rights, and liabilities of stakeholders interested in a business deal. Usually, business law is under the influence of both state and federal laws. State laws establish business mandates that must be enforced within a province or region. How well do you understand business law?
- 1.
What is the other name for business law?- A.
Immigration law
- B.
Financial law
- C.
Commercial law
- D.
Corporate law
- 2.
Which of these is not of concern in business law?
- A.
Law of naturalization
- B.
Law of principal and agent
- C.
Law of carriage by sea
- D.
Laws of indemnity
- 3.
Which of these is not within the scope of business law?
- A.
Consumer protection law
- B.
Child rights law
- C.
Purchasing agreement law
- D.
Intellectual property law
- 4.
How many legal concepts underlie company law?
- A.
Three
- B.
Five
- C.
One
- D.
Two
- 5.
Who brings his principal into contractual relations with third parties?
- A.
Principal
- B.
Legal party
- C.
Stakeholder
- D.
Agent
- 6.
What feature is the most important in contractual agreements?
- A.
Certainty
- B.
Ease of performance
- C.
Sustainability
- D.
Legal
- 7.
Which of these areas of law development is the fastest?
- A.
Computers
- B.
Internet
- C.
Competition
- D.
Consumer protection
- 8.
Which of these is not one of the responsibilities of the court in business?
- A.
Protecting individual interests
- B.
Arbitrating the constitution
- C.
Interpreting legislation
- D.
Arbitrating disputes
- 9.
What court is highest as far as business disputes are concerned?
- A.
The mobile court
- B.
The high court
- C.
The supreme court
- D.
The federal court
- 10.
What characteristics is most important when seeking the service of a business lawyer?
- A.
Authority
- B.
Experience
- C.
Legal profile
- D.
Continued availability
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