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Final Exam Review - Business Law

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  • Which court--small claims, municipal, or circuit court? I parked in a no parking zone in town.
    Municipal
  • The general reason listed for dissolution of marriage in a no-fault divorce.
    Irreconcilable differences
  • An alternative to a living will is a ________ power of attorney.
    DURABLE (or health care)
  • The cooling off period for purchases that you make from a door to door sale (to cancel) is how many days?
    3
  • Contract Law: Withdrawing an offer BEFORE it is accepted.
    Revocation
  • An offense against an INDIVIDUAL is referred to legally as:
    A TORT
  • Damages such as medical bills, lost wages, and pain and suffering would be considered THIS TYPE of damages.
    Compensatory/Actual
  • This additional thing is needed if you have home insurance and want to insure specific valuables.
    Rider (or Endorsements)
  • If two friends plan to murder someone but are caught in the planning period, they can be charged with this.
    Conspiracy
  • If someone cuts a deal with a judge and then, at court, refused to answer any questions and refused to testify, what will he be charged with?
    Contempt of Court
  • Automobile insurance coverage that covers for damage to your own vehicle rather than damage you do to others in an accident that is your fault would be:
    COLLISION
  • This term describes a legal doctrine where one who "promised" a gift might be forced to have to give it.
    Promissory estoppel
  • If someone quits before their contract is up, the employer may sue for this.
    Breach of Contract
  • What person in a courtroom is in charge of logging exhibits and maintaining the calendar/docket?
    Clerk
  • What intentional tort would this be? Coming up behind someone, pushing hard into a wall, and breaking their nose.
    Battery
  • According to the parol evidence rule, once a contract is in writing, this cannot change it.
    Oral/spoken statements
  • What is the "burden of proof" required in a civil case?
    Preponderance of the evidence
  • Traveling to Kentucky and not being aware of a law there and breaking it illustrates what "concept" that Mrs. Skinner says frequently?
    Ignorance of the law is no excuse!
  • What courts examine transcripts and attorneys present briefs, but no new evidence is accepted and no witnesses testify?
    Appellate court
  • What is the "burden of proof" required in a criminal case?
    Beyond a reasonable doubt
  • Sitting down in a restaurant to order a meal and eating that meal before payment creates this type of contract:
    Implied
  • A legal cancellation of a marriage, as if it never happened.
    Annulment
  • The thing of value exchanged between the parties to a contract is called this, one of the six elements of a contract.
    Consideration
  • If a case is appealed, what is said to happen (legal term) if the appellate court says the decision of the prior court was the correct legal decision?
    Affirmed (the decision is upheld)
  • This agency maintains a website where consumers can find out about product recalls.
    CPSC (Consumer Product Safety Commission)
  • The payment for insurance each month is called:
    premium
  • Having the ability, according to law, to understand the contract and the consequences is which of the six elements of a contract?
    Capacity
  • Speaking defamation about someone is called:
    Slander
  • This criminal court event determines if there is sufficient cause to hold the defendant for a criminal trial.
    Preliminary hearing
  • If your insurance has a set amount you pay to go see the doctor, this "fee" is called what?
    Co-pay
  • When you sign a contract that is on paper, what type of contract is created - express or implied?
    Express
  • Which agency at the federal level has the main responsibility for preventing false and misleading advertising?
    Federal Trade Commission
  • The standard of proof in a CRIMINAL CASE for guilt is:
    Proof BEYOND a REASONABLE DOUBT
  • This fancy term is when you poll potential jurors to determine their ability serve on the jury.
    Voir Dire
  • Both a THIEF or an innocent buyer of stolen items would be considered this, under the law.
    Converter (conversion doesn't require intent)
  • Negotiator, Mediator or Arbitrator? Which makes decision that BIND an party in a dispute?
    Arbitrator