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Key Terms Quiz
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Match the following term to its definition.
1


cookies

2


criminal law

3


civil law

4


business law

5


statutory law

6


common law

7


precedent

8


administrative agencies

9


tort

10


negligence

11


product liability

12


strict product liability

13


patent

14


copyright

15


trademark

16


industrial design

17


express warranties

18


implied warranties

19


negotiable instruments

20


contract

21


contract law

22


consideration

23


breach of contract

24


damages

25


consumerism

26


bankruptcy

27


voluntary bankruptcy

28


involuntary bankruptcy

A)Pieces of information, such as registration data or user preferences, sent by a Web site over the Internet to a Web browser that the browser software is expected to save and send back to the server whenever the user returns to that Web site.
B)Federal and provincial legislative enactments, treaties of the federal government, and bylaws and ordinances—in short, written law.
C)Decisions judges have made in earlier cases that guide the handling of new cases.
D)A form of intellectual property that protects a creator's rights to materials such as books, articles, photos, and cartoons.
E)A brand that has been given exclusive legal protection for both the brand name and the pictorial design.
F)Bankruptcy procedures filed by a debtor's creditors.
G)Defines crimes, establishes punishments, and regulates the investigation and prosecution of people accused of committing crimes.
H)A legally enforceable agreement between two or more parties.
I)The monetary settlement awarded to a person who is injured by a breach of contract.
J)When one party fails to follow the terms of a contract.
K)The legal process by which a person, business, or government entity unable to meet financial obligations is relieved of those obligations by a court that divides debtor assets among creditors, allowing creditors to get at least part of their money and freeing the debtor to begin anew.
L)In tort law, behaviour that does not meet the standard of care required and causes unintentional harm or injury.
M)Legal responsibility for harm or injury caused by a product regardless of fault.
N)Specific representations by the seller that buyers rely on regarding the goods they purchase.
O)Legal procedures initiated by a debtor.
P)Legal proceedings that do not involve criminal acts.
Q)Guarantees legally imposed on the seller.
R)Federal or provincial institutions and other government organizations created by Parliament or provincial legislatures with delegated power to pass rules and regulations within their mandated area of authority.
S)A social movement that seeks to increase and strengthen the rights and powers of buyers in relation to sellers.
T)Part of tort law that holds businesses liable for harm that results from the production, design, sale, or use of products they market.
U)Forms of commercial paper (such as cheques) that are transferable among businesses and individuals and represent a promise to pay a specified amount.
V)A wrongful act that causes injury to another person's body, property, or reputation.
W)A form of intellectual property that protects the owner's exclusive right to use the visible features of a finished product that identify it.
X)Something of value; consideration is one of the requirements of a legal contract.
Y)Rules, statutes, codes, and regulations that are established to provide a legal framework within which business must be conducted and that are enforceable by court action.
Z)The body of law that comes from decisions handed down by judges; also referred to as unwritten law.
AA)A form of intellectual property that gives inventors exclusive rights to their inventions for 20 years.
AB)Set of laws that specify what constitutes a legally enforceable agreement.







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