Introduction to Law Insurance, Property & Intellectual Property Torts & Risk Management Contracts, Agency, & Business Law Employment Law & Ethics
100
What are the three branches of government?
The executive, legislative and judicial.
100
What is real property?
Includes the land and everything permanently attached to it.
100
What is a battery?
The intentional tort that permits the defense of self-defense.
100
What is consideration?
The element of a contract that requires the agreement must contain a two-way street with both parties providing something of value.
100
What is the Family and Medical Leave Act (FMLA)?
The statute that allows an eligible person to take up to 12 weeks of unpaid leave for illness.
200
Who is a plaintiff?
The person who files a lawsuit.
200
What is liability insurance?
The type of insurance that reimburses for any liability caused by accidental harm.
200
What is an assault?
The intentional tort when a person creates a reasonable fear or apprehension of committing a battery.
200
What is an agency relationship?
The type of relationship that exists between a principal and an agent.
200
What is disparate treatment?
When the plaintiff can show that they were treated differently due to their sex, race, color, religion or national origin.
300
What is the law?
A system of rules that regulates the actions of its members that may be enforced with penalties.
300
What is a gift?
A voluntary transfer of property from one person to another without any consideration.
300
What is negligence?
Requires the elements of duty, breach of duty, causation and damages.
300
What is a term agreement?
When an agency relationship ends at a specifically agreed upon date.
300
What is an employee at will?
An employee without an explicit employment contract.
400
What is criminal law?
Behavior that is so threatening that society outlaws it altogether in order to protect society and punish the wrongdoers.
400
What is a trademark?
Requires the elements of a word, phrase, symbol or design to distinguish the source of goods.
400
What is risk management?
The techniques used to minimize and prevent accidental loss to a business.
400
What is a bilateral contract?
An agreement based on one promise in exchange for another.
400
What is a bona fide occupational qualification (BFOQ)?
When an employer is permitted to establish discriminatory job requirements if they are essential to the position in question.
500
What is civil law?
Regulates the rights and duties between parties; to allow an individual remedy for a wrongdoing.
500
What is a copyright?
Requires the elements of original, authorship / ownership, fixed expression and creative.
500
What is the reasonable person standard?
A measurement of the way members of society expect an individual to act in a given situation.
500
What is a sole proprietorship?
The type of business that has personal liability for its owners but is not a separate taxable entity for the owner and does not require formal registration with the state.
500
What is corporate social responsibility?
When a business has an obligation to contribute positively to the world around it.






HM 203 Law & Ethics Exam Review

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