Business Law (VOCAB) Exam Questions With Valid
Solutions.
Rights - accurate answers-Things you are allowed to have or do by law.
Reasonable(-ness) - accurate answers-What most fair and sensible people
would think or do.
Responsibilities - accurate answers-Things you are expected or required to
do.
Regulate - accurate answers-To control something using rules.
Legitimate - accurate answers-Fair and allowed by law.
Interests - accurate answers-Things you care about or have a stake in legally
or financially.
Balance - accurate answers-Making sure different things are given fair
importance, like different rights or interests.
Common law - accurate answers-Law made by judges through their past
decisions (cases), not by written rules.
Case law - accurate answers-Rules that come from past court decisions.
Private law - accurate answers-Rules for how people and private groups deal
with each other, like contracts.
Regulation - accurate answers-A rule made by an authority that must be
followed.
Directive - accurate answers-A rule from the EU that tells countries what goal
to achieve, but they can choose how.
Right of withdrawal - accurate answers-Your right to cancel a purchase,
especially online, within a certain time.
,Rechtsstaat - accurate answers-A country where the government must follow
its own laws and protect citizens' rights (Rule of Law).
Duty(-ies) of care - accurate answers-A legal duty to act carefully to avoid
harming others.
Vienna Convention - accurate answers-An international agreement about
contracts for buying and selling goods between countries.
CISG - accurate answers-The shorter name for the Vienna Convention.
B2B - accurate answers-When businesses sell to or deal with other businesses.
B2C - accurate answers-When businesses sell to individual customers.
Apply - accurate answers-To be relevant or used in a situation.
Unless - accurate answers-Except if; it means there's an exception.
Explicitly excluded - accurate answers-Clearly and directly stated that
something is not included or allowed.
Substantive law - accurate answers-The actual rules that tell us what we can
and cannot do, and what our rights are.
Procedural law - accurate answers-The rules about how legal cases are
handled in court.
Legal proceedings - accurate answers-Steps taken in a court case.
Reflection/cooling-off period - accurate answers-A time when you can change
your mind and cancel a purchase, especially online.
Online purchase - accurate answers-Buying something over the internet.
Exception - accurate answers-A situation where a rule doesn't apply.
Conduct - accurate answers-How someone behaves.
, Behaviour - accurate answers-The way someone acts.
Responsibility(-ies) - accurate answers-Duties or being accountable for
something.
Civil law - accurate answers-A legal system based on written laws and codes,
or law dealing with private disputes (not crimes).
Statute law - accurate answers-Laws written and passed by a government
body.
Precedent - accurate answers-A past court decision that guides future similar
cases.
Binding - accurate answers-Something that must be followed legally.
Juri - accurate answers-Related to law or justice (like in 'jurisdiction').
Criminal law - accurate answers-Laws about crimes and their punishments.
Tax law - accurate answers-Laws about taxes.
Constitutional law - accurate answers-Laws about a country's main legal
document (constitution) and how the government works.
Contract law - accurate answers-Laws about agreements between people or
groups.
Employment law - accurate answers-Laws about jobs, workers, and
employers.
Treaty(-ies) - accurate answers-Formal agreements between countries.
Freedom - accurate answers-The ability to act, speak, or think without being
stopped.
Good(s) - accurate answers-Things you can buy or sell, like products.
Solutions.
Rights - accurate answers-Things you are allowed to have or do by law.
Reasonable(-ness) - accurate answers-What most fair and sensible people
would think or do.
Responsibilities - accurate answers-Things you are expected or required to
do.
Regulate - accurate answers-To control something using rules.
Legitimate - accurate answers-Fair and allowed by law.
Interests - accurate answers-Things you care about or have a stake in legally
or financially.
Balance - accurate answers-Making sure different things are given fair
importance, like different rights or interests.
Common law - accurate answers-Law made by judges through their past
decisions (cases), not by written rules.
Case law - accurate answers-Rules that come from past court decisions.
Private law - accurate answers-Rules for how people and private groups deal
with each other, like contracts.
Regulation - accurate answers-A rule made by an authority that must be
followed.
Directive - accurate answers-A rule from the EU that tells countries what goal
to achieve, but they can choose how.
Right of withdrawal - accurate answers-Your right to cancel a purchase,
especially online, within a certain time.
,Rechtsstaat - accurate answers-A country where the government must follow
its own laws and protect citizens' rights (Rule of Law).
Duty(-ies) of care - accurate answers-A legal duty to act carefully to avoid
harming others.
Vienna Convention - accurate answers-An international agreement about
contracts for buying and selling goods between countries.
CISG - accurate answers-The shorter name for the Vienna Convention.
B2B - accurate answers-When businesses sell to or deal with other businesses.
B2C - accurate answers-When businesses sell to individual customers.
Apply - accurate answers-To be relevant or used in a situation.
Unless - accurate answers-Except if; it means there's an exception.
Explicitly excluded - accurate answers-Clearly and directly stated that
something is not included or allowed.
Substantive law - accurate answers-The actual rules that tell us what we can
and cannot do, and what our rights are.
Procedural law - accurate answers-The rules about how legal cases are
handled in court.
Legal proceedings - accurate answers-Steps taken in a court case.
Reflection/cooling-off period - accurate answers-A time when you can change
your mind and cancel a purchase, especially online.
Online purchase - accurate answers-Buying something over the internet.
Exception - accurate answers-A situation where a rule doesn't apply.
Conduct - accurate answers-How someone behaves.
, Behaviour - accurate answers-The way someone acts.
Responsibility(-ies) - accurate answers-Duties or being accountable for
something.
Civil law - accurate answers-A legal system based on written laws and codes,
or law dealing with private disputes (not crimes).
Statute law - accurate answers-Laws written and passed by a government
body.
Precedent - accurate answers-A past court decision that guides future similar
cases.
Binding - accurate answers-Something that must be followed legally.
Juri - accurate answers-Related to law or justice (like in 'jurisdiction').
Criminal law - accurate answers-Laws about crimes and their punishments.
Tax law - accurate answers-Laws about taxes.
Constitutional law - accurate answers-Laws about a country's main legal
document (constitution) and how the government works.
Contract law - accurate answers-Laws about agreements between people or
groups.
Employment law - accurate answers-Laws about jobs, workers, and
employers.
Treaty(-ies) - accurate answers-Formal agreements between countries.
Freedom - accurate answers-The ability to act, speak, or think without being
stopped.
Good(s) - accurate answers-Things you can buy or sell, like products.
