Quiz: Business Law Terms 101

15 Questions | Total Attempts: 136

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Business Law Quizzes & Trivia

Questions and Answers
  • 1. 
    Criminal, Contract and Torts are three areas of Business Law.
    • A. 

      True

    • B. 

      False

  • 2. 
    A rule of conduct in-forced by controlling authority; provides order, stability and justice.
    • A. 

      Litigation

    • B. 

      Crime

    • C. 

      Law

  • 3. 
    The law established by a nation or state for its own jurisdiction.
    • A. 

      Criminal Law

    • B. 

      Civil Law

    • C. 

      Contract Law

  • 4. 
    Public law that deals with crimes and their prosecution.
    • A. 

      Criminal Law

    • B. 

      Litigation

    • C. 

      Felony

  • 5. 
    Litigation means to carry on a legal contest by judicial process.
    • A. 

      True

    • B. 

      False

  • 6. 
    A Defendant is a person who begins a lawsuit.
    • A. 

      True

    • B. 

      False

  • 7. 
    A plaintiff is the person required to answer legal action or lawsuit.
    • A. 

      True

    • B. 

      False

  • 8. 
    A dispute is a conflict between two or more parties.
    • A. 

      True

    • B. 

      False

  • 9. 
    Ethical means conducting yourself in accordance with the rules or standards for right conduct or practice.
    • A. 

      True

    • B. 

      False

  • 10. 
    Crime is a conduct that is not prohibited and does not have a specific punishment prescribed by public law.
    • A. 

      True

    • B. 

      False

  • 11. 
    A serious crime for which punishment can be more than 1 year in prison or death.
    • A. 

      Felony

    • B. 

      Tort

    • C. 

      Misdemeanor

  • 12. 
    Punishment is less than 1 year or a fine.
    • A. 

      Felony

    • B. 

      Misdemeanor

    • C. 

      Contract

  • 13. 
    Is a civil wrong.
  • 14. 
    An agreement between tow or more parties; legally enforceable duties/obligations.
  • 15. 
    Give 3 examples of Torts: