#1
Which of the following is NOT a type of intellectual property?
Labor law
ExplanationLabor law is not intellectual property.
#2
What is the purpose of 'indemnity' in contracts?
To compensate for loss or damage.
ExplanationCompensation for loss or damage.
#3
What is the primary function of a 'non-disclosure agreement' (NDA)?
To protect confidential information from being disclosed to third parties.
ExplanationConfidentiality protection.
#4
What is the primary purpose of 'arbitration' in dispute resolution?
To resolve disputes outside of court through a neutral third party.
ExplanationDispute resolution via neutral third party.
#5
What is 'intellectual property' (IP)?
Intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.
ExplanationIntangible creations of human intellect.
#6
What is the definition of 'force majeure' in legal terms?
A contractual provision that allows a party to suspend or terminate performance due to unforeseen circumstances beyond their control.
ExplanationContractual provision for unforeseen circumstances.
#7
What does 'tort' refer to in legal terminology?
A wrongful act or an infringement of a right leading to civil legal liability.
ExplanationWrongful act causing legal liability.
#8
What is the principle of 'caveat emptor' in contract law?
Let the buyer beware - the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase.
ExplanationBuyer responsibility for goods' quality.
#9
What does 'force majeure' NOT typically cover in a contract?
Economic downturns
ExplanationExclusion of economic downturns.
#10
What is the 'statute of limitations' in legal terms?
A law that sets the maximum time after an event within which legal proceedings may be initiated.
ExplanationMaximum time for legal action initiation.
#11
What is the doctrine of 'respondeat superior'?
A legal doctrine holding employers responsible for the wrongful acts of their employees.
ExplanationEmployer responsibility for employee actions.
#12
What does 'estoppel' mean in legal context?
A legal doctrine that prevents a person from asserting a claim or right that contradicts what they previously said or agreed upon.
ExplanationPreventing contradiction of prior statements.
#13
What does 'voir dire' mean in the legal context?
The process of selecting and questioning potential jurors.
ExplanationJury selection and questioning process.
#14
What is 'doctrine of privity' in contract law?
A doctrine that limits who can enforce a contract to only the parties involved.
ExplanationLimiting contract enforcement to involved parties.
#15
What is 'duress' in contract law?
A situation where a person is unlawfully compelled to enter into a contract under threat.
ExplanationEntering a contract under unlawful threat.