This document contains 25 multiple choice questions testing knowledge of various business law concepts. The questions cover topics such as mergers and acquisitions, real vs personal property, bailments, estates in land, international trade organizations, constitutional law, torts such as defamation, intellectual property including copyright, crimes as misdemeanors vs felonies, contract law regarding bilateral vs unilateral contracts, negotiable instruments such as checks, agency law including express vs implied powers, employment law including OSHA and NLRB, business organizations involving partnerships and corporations, consumer protection laws including the Food and Drug Administration and Consumer Product Safety Commission, property law concepts involving abandoned and life estates, international organizations such as the UN and its Secretariat, and the