Business Law Test 1 Flashcards
is the process where a neutral third party hears a dispute and imposes a resolution on the parties
Arbitration
Is any intentional and unexcused threat of immediate harmful, or offensive conduct.
Assault
Q
Is a defense to a negligence action that occurs when a plaintive voluntarily enters into a risky situation, knowing the risk involved
Assumption of the risk
Is an unexcused and harmful or offensive physical contact that is intentionally performed.
Battery
The unlawful entry into a building with the intent to commit a felony.
Burglary
Uses the “but – four” test to determine if the injury occurred because of the defendants act
Causation in fact
In situations of______, both the plaintiffs and defendants fault, or computed any liability for damages, is distributed accordingly
Comparative negligence
A money award equivalent to the actual value of injuries or damages sustained by the aggrieved party.
Compensatory Damages
In situations of______, a plaintiff is barred from recovering at all, if he/she is also at fault
Contributory Negligence
Occurs whenever any individual wrongfully takes or harms the personal property of another
Conversion
Is sworn testimony by a party to a lawsuit, or witness, recorded by authorized court official
Deposition
Allows federal courts to exercise original jurisdiction over cases where the plaintiff and defendant are residents of different states and the amount in controversy exceeds $75,000
Diversity of citizenship
provides that no person shall be deprived of life, liberty, or property without notice and an opportunity to be heard.
Due Process Clause
The fraudulent appropriation of money or other property by a person to whom the money or property has been entrusted
Embezzlement
Provides that the government can not enact laws that treat similarly situated individuals differently
Equal protection clause
Prohibits the government from creating a state sponsored religion
Establishment clause
Ensures that rights established under deeds, wills, contracts, and similar instruments in one state, will be honored by other states. 
Full faith and credit clause
Compensate the plaintive for non-monetary aspects of the harm suffered
General damages
Are written questions for which written answers are prepared, and then sign under oath
Interrogatories
Is the process of deciding whether the laws or actions of the legislative and executive branches are constitutional
Judicial review