business law jeopardy 500 400 300 200 100 all about contracts contract formation civil procedure...
TRANSCRIPT
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BUSINESS LAW JEOPARDY
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All AboutContracts
ContractFormation
CivilProcedure
TORTSTHE “LAW”
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System of jurisprudence which
originated in England; based on
judicial precedent
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Common Law
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Laws enacted by a legislative body
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Statutory Law
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Body of law created by agencies, such
as the SEC and FTC, in the form of
rules, regulations, orders, and
decisions
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Administrative Law
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Rules of law announced in court
decisions
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Case Law
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Defines wrongful actions against
society for which society demands
redress
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Criminal Law
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The failure to exercise the standard of
care that a reasonable person would
have exercised under the
circumstances
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Negligence
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The unprivileged, intentional touching
of another
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Battery
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“But for” cause
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Actual Cause
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A concept used to determine whether a P’s injury was the
natural and continuous result of a D’s negligence
Torts 400 Points
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Proximate Cause
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An action intended to make another
person fearful of immediate physical
harm
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Assault
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The initial pleading in a lawsuit,
alleging the facts which constitute the
P’s cause of action
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Complaint
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Written questions propounded to
another party to be answered under
oath
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Interrogatories
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The aptly named process by which the
parties discover the true facts of the
case
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Discovery
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The geographic location where a
lawsuit should be heard
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Venue
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A court’s power to hear and determine
a particular case
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Jurisdiction
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A proposal manifesting present
intention to contract
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Offer
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The offeree’s notification to the
offeror that the offeree agrees to be
bound by the terms of the offer
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Acceptance
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The value given in return for a
promise
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Consideration
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Requires that certain types of contracts
be evidenced by a writing in order to
be enforceable
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Statute of Frauds
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Test used to determine whether the
parties had the intention to contract
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Objective test (or reasonable person
test)
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What minors and insane people lack
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Contractual Capacity
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This equitable doctrine may be applied
when one party has detrimentally
relied on another party’s promise
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Promissory Estoppel
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Arises when one party pays consideration in exchange for
the promise not to revoke
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Option Contract
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Created when a merchant, in a signed
writing, promises to leave an offer
open
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Merchant’s Firm Offer
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Misrepresentation of a material fact to
induce the other party to enter into a
contract
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Fraud
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FINAL JEOPARDYThe Chief Justice of the United States
Supreme Court
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DAILY DOUBLE!