Quiz: Can You Pass The Business Law Exam Test?

5 Questions | Total Attempts: 1970

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Quiz: Can You Pass The Business Law Exam Test?

Over the first half of the semester we have been able to cover much on business law and as we come closer to the midterms there is increased need to be on our feet on what we learnt so far. The take up the business law midterm 1 part one quiz and refresh your memory.


Questions and Answers
  • 1. 
    The River CIty Council, the Santa Clara County Board, the Texas state legislature, and the U.S. Congress enact laws. These laws constitute
    • A. 

      Administrative law.

    • B. 

      Case law.

    • C. 

      Stare decisis.

    • D. 

      Statutory law.

  • 2. 
    The United States has a common law system. The common law began
    • A. 

      As a body of general rules applied in the courts throughout England.

    • B. 

      As a group of legal principles enacted by continental European nations.

    • C. 

      As part of the Roman civil law.

    • D. 

      In the Islamic courts of Muslim countries.

  • 3. 
    Silent Bob is a state court judge. In his court, as in most state courts, he may grant
    • A. 

      Equitable and legal remedies.

    • B. 

      Equitable remedies only.

    • C. 

      Legal remedies only.

    • D. 

      Neither.

  • 4. 
    Paula, a resident of California, owns a farm in Iowa. A dispute arises over the ownership of the farm with Don, a resident of Nevada. Don files a suit against Paula in Iowa. Regarding this suit, Iowa
    • A. 

      Can exercise diversity jurisdiction.

    • B. 

      Can exercise in personam jurisdiction.

    • C. 

      Can exercise in rem jurisdiction.

    • D. 

      Cannot exercise jurisdiction.

  • 5. 
    Ike files a suit against Tina. 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. 

      Arbitration.

    • B. 

      Litigation.

    • C. 

      Mediation.

    • D. 

      Negotiation.