Introduction To Business Law Ultimate Test (Long)

154 Questions | Total Attempts: 263

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Introduction To Business Quizzes & Trivia

Questions and Answers
  • 1. 
    What is law?
  • 2. 
    Define "mandatory minimums".
  • 3. 
    What two sources make the law?
  • 4. 
    Define "statute".
  • 5. 
    What kind of law can you sue for money damages?
  • 6. 
    What are the three levels of court?
  • 7. 
    [Blank], [Blank], [Blank], [Blank], and [Blank] correspond to federal powers.
  • 8. 
    [Blank], [Blank], [Blank], [Blank], and [Blank] correspond to provincial powers.
  • 9. 
    When you are on jury duty and cut off from everything, it is known as being [Blank].
  • 10. 
    Another term for lawyers is counsel.
    • A. 

      True

    • B. 

      False

  • 11. 
    In a civil case, you can skip any levels of court.
    • A. 

      True

    • B. 

      False

  • 12. 
    A board set up with "court-like" proceedings, is known as a [Blank].
  • 13. 
    A private run facility that moderates/settles disputes outside of the court system is known as a [Blank].
  • 14. 
    What are the four elements of an offer?
    • A. 

      Definite

    • B. 

      Taken back or rescinded

    • C. 

      Capable of Acceptance

    • D. 

      Lawful Object

    • E. 

      Conditions

    • F. 

      Consideration

  • 15. 
    When no changes to the contract come back, it is known as [Blank].
  • 16. 
    The five elements of a lawful contract include: [Blank], [Blank], [Blank], [Blank], and [Blank].
  • 17. 
    The following items are not valuable in law: [Blank], [Blank], and [Blank].
  • 18. 
    The threat or use of physical harm is known as [Blank].
  • 19. 
    An inequality of bargaining power is known as [Blank]. 
  • 20. 
    [Blank] law trumps [Blank] law.
  • 21. 
    The two types of co-ownership are known as [Blank] and [Blank].
  • 22. 
    Contracts are discharged by [Blank], [Blank], [Blank], [Blank], and [Blank].
  • 23. 
    The prohibition of any use of material that contradicts the written material is known as [Blank].
  • 24. 
    An act of god that makes the contract impossible to perform is known as [Blank].
  • 25. 
    When you fail or refuse to carry out the terms of a contract, it is known as a [Blank] of contract.
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