Quiz: Business Law Terms 101
15 Questions
| Attempts: 182
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:
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