The Legal System
Contract Law
Agency & Business Orgs
Consumer & Ethics
Cases & Wildcards
100

This type of law deals with disputes between individuals or businesses.

  • A) Criminal Law

  • B) Civil Law

  • C) Martial Law

  • D) International Law

Civil Law

100

Which of these is NOT one of the 5 essentials of a contract?

  • A) Offer

  • B) Acceptance

  • C) Friendship

  • D) Consideration

Friendship

100

In the Agency Triangle, the person who hires the Agent is the:

  • A) Principal

  • B) Third Party

  • C) Judge

  • D) Manager

Principal

100

Under Consumer Law, goods must be of "satisfactory quality" and:

  • A) Cheap

  • B) Brand new

  • C) Delivered immediately

  • D) Fit for Purpose

Fit for Purpose

100
  • Jean-Marc Bosman was a professional athlete in which sport?

    • A) Tennis

    • B) Rugby

    • C) Football (Soccer)

    • D) Basketball

Football (Soccer)

200
  • This is the highest court in the UK legal hierarchy.

    • A) The Crown Court

    • B) The Magistrates Court

    • C) The Supreme Court

    • D) The High Court


The Supreme Court

200

"Consideration" in a contract refers to:

  • A) Value exchanged (Money/Goods)

  • B) Being polite

  • C) Thinking carefully

  • D) Written signatures only

Value exchanged (Money/Goods)

200

The Agent creates a contract between the Principal and the:

  • A) Government

  • B) Employee

  • C) Third Party

  • D) Stockholder

Third Party

200

Buyer BewareThe Latin phrase "Caveat Emptor" means:

  • A) Buyer Beware

  • B) Seize the Day

  • C) Seller Beware

  • D) Law is King

Buyer Beware

200

In Verity v Lloyds Bank, the bank was liable because they gave negligent:

  • A) Advice

  • B) Loans

  • C) Interest rates

  • D) Checks

Advice