Legal Principles and Systems in Business Quiz

Test your knowledge on legal systems, precedents, contracts, and more. Explore concepts like mens rea, double jeopardy, and antitrust laws.

#1

Which legal system is based on precedents and past decisions?

Civil Law
Common Law
Islamic Law
Customary Law
#2

What is the main source of law in a Civil Law system?

Statutes and Codes
Judicial Precedents
Religious Texts
Customs and Traditions
#3

What is the primary function of the judiciary in a legal system?

Create laws
Interpret laws
Enforce laws
Legislate laws
#4

In a legal context, what does 'mens rea' refer to?

Guilty act
Guilty mind
Legal precedent
Court jurisdiction
#5

What is the principle of 'caveat emptor' in contract law?

Let the buyer beware
Let the seller beware
Good faith principle
Equality principle
#6

Which legal doctrine allows a party to void a contract due to a mistake in the understanding of the terms?

Duress
Fraud
Mistake
Undue influence
#7

In which legal system is the judge's role primarily to interpret the law and not create it?

Common Law
Civil Law
Islamic Law
Customary Law
#8

What is the concept of 'stare decisis' associated with?

Civil Law
Common Law
Islamic Law
Customary Law
#9

Which court typically has the authority to review decisions made by lower courts?

Trial court
Appellate court
Supreme court
Small claims court
#10

What is the purpose of the statute of limitations in law?

To limit court jurisdiction
To limit the time for filing a lawsuit
To limit the number of appeals
To limit attorney fees
#11

In criminal law, what does the term 'double jeopardy' refer to?

Being tried twice for the same crime
Being tried for two different crimes
Being convicted without evidence
Being sentenced twice for the same crime
#12

What is the primary purpose of antitrust laws in business?

Encourage monopolies
Prevent unfair competition
Regulate tax policies
Promote collusion
#13

Which legal system is influenced by religious principles and teachings?

Civil Law
Common Law
Islamic Law
Customary Law
#14

In contract law, what is the term for an agreement where both parties exchange promises?

Unilateral contract
Bilateral contract
Void contract
Executed contract
#15

What legal doctrine allows a person to be held responsible for the actions of another person?

Respondeat superior
Res ipsa loquitur
Habeas corpus
Actus reus
#16

What legal doctrine allows a court to order a person to do or refrain from doing a specific action?

Mens rea
Injunction
Tort
Subpoena
#17

What legal term is used to describe a deliberate deception to secure unfair or unlawful gain?

Negligence
Fraud
Defamation
Libel

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