Top Business Law Flashcards - Page 2 by ProProfs

Business Law Chapter 24

Cards: 7| Attempts: 3| Last updated: Sep 18, 2015

Obligations Of Sellers/lessors And Buyers/les...

1. Terms The Parties Agree On2. Custom3. Rule...

Goal Of Contract Remedies

To Fulfill Expectations And Intentions Of Par...

Remedies Available To Sellers And Lessors Und...

1. Cancel The Contract (must Notify Buyer/les...

Liquidated Damages

Damages Identified Before The Breach OccursPa...

What Are The Terminologies Involved In Business Law Flashcards

Cards: 11| Attempts: 2| Last updated: Feb 13, 2020

Third Party Decides Merits Of Dispute...MOST ...

Arbitration

Act Of Referring Matter To Arbitration, Eithe...

Submissions

Person Or Group Of People Making Decision, Ca...

Arbitrators

Decision Of Arbitrator, Parties Are Generally...

Awards

Dynamic Business Law: CH 4

Cards: 31| Attempts: 2| Last updated: Sep 22, 2015

Feder...

Autho...

Judic...

The Power Of A Co...

Supre...

S...

Feder...

Business Law 255 - Exam 3, Part One

Cards: 22| Attempts: 2| Last updated: Sep 22, 2015

What Does OACCL Stand For? What Are These The...

Offer, Acceptance, Capacity, Consideration, A...

What Are Goods?

Tangible, Movable Personal Property For Sale.

What Is The Difference Between A Unilateral A...

A Unilateral Has one Promise And A Bilat...

What Are The Two Types Of Actual Contracts?

Express (terms Are Discussed In Written Or Or...

Business Law

Cards: 23| Attempts: 1| Last updated: Dec 26, 2016

Business Law

Enforceable Rules Of Conduct That Govern Comm...

Purposes Of The Law

Providing Order, Serving As An Alternative To...

Private Law

Involves Disputes Between Private Individuals...

Public Law

Involves Disputes Between Private Individuals...

Business Law Chapter 25

Cards: 13| Attempts: 1| Last updated: Sep 18, 2015

Warranty

Seller's Promises Regarding Certain Character...

Express Warranty

Explicitly Stated In The Contract

Implied Warranty

Automatically (by Operation Of Law) Applied T...

While No Warranties Automatically Arise Under...

1. Has Good And Valid Title Of Goods2. Has Th...

Business Law: Chapter 6

Cards: 5| Attempts: 1| Last updated: Sep 22, 2015

Tort Law: Designed To

-Provide Compensation -For Injury -To A Legal...

Tort: Is

'Civilized Side' Of A Criminal Wrong;...

Purpose Of Tort Law

To Compensate Injured Party

Damages Available In Tort Actions

-Compensatory Damages -Special ...

LES 305 Ch 8 Business Crime/Criminal Law

Cards: 27| Attempts: 0| Last updated: Sep 22, 2015

What Is Business Crime?

- The Crimes Within A Corporation - The Crim...

Who Is Liable For Business Crime?

-Corporation Is Liable -Officers And Directo...

White-Collar Kingpin Act

Federal Law Imposes Minimum Federal Mandatory...

2002 Sarbanes-Oxley (White-Collar Criminal Pe...

1. Increases Penalties 2. Creates New Crimes...

Business Law Chapter 2

Cards: 39| Attempts: 0| Last updated: Sep 17, 2015

• &nbs...

– &nbs...

Approaches To Environmental Protectio...

• &nbs...

Nuisance –

• &nbs...

Standing –

The Legal Status To File A Lawsuit ...

Business Law Chapter 7

Cards: 20| Attempts: 0| Last updated: Sep 17, 2015

What Is A Crime?

An Offence Against Society That Carries The P...

What Is The Current Common Law Definition Of ...

Enters A building or Occupied Struc...

What Is Criminal Trespass?

When A Person Enters The Land Of Another With...

What Is Larceny?

Taking And Carrying Away Of Property That Bel...

Business Law Final Exam

Cards: 27| Attempts: 0| Last updated: Sep 22, 2015

Development Of Commercial Law

As Trade Increased Throughout History, The Ne...

Scope Of Article 2

Sales Of Goods. UCC 2-102: Article 2 App...

Article 2A

Governs The Leasing Of Goods.

Goods

Things That Are Movable, And Tangible. U...

Business Law Chapter 1

Cards: 5| Attempts: 0| Last updated: Sep 22, 2015

Law

A Body Of Enforceable Rules Governing Relat...

Function Of A Law:

Provide Stability, Predictability And Conti...

Business Activities And The Legal Environment

Law Regulates Many Different Areas Of Busin...

Sources Of American Law

U.S. And State Constitutions Stat...

Business Law Module 1

Cards: 99| Attempts: 0| Last updated: Sep 17, 2015

Law

The Order Or Pattern Of Rules That Society Es...

Right

Legal Capacity To Require Another Person To P...

Duty

An Obligation Of Law Imposed On A Person To P...

Right Of Privacy

The Right To Be Free From Unreasonable Intrus...

Business Law Chapter 3

Cards: 19| Attempts: 0| Last updated: Sep 22, 2015

_________ Includes Gaining Access To Witnesse...

Discovery

__________ Are Written Questions For Which Wr...

Interrogatories

A _________ Is Sworn Testimony By A Party To ...

Deposition

__________ Is A Motion Requesting The Court T...

Summary Judgement

What Are The Various Kinds Of Contact In Terms Of Business Flashcards

Cards: 23| Attempts: 0| Last updated: Mar 31, 2021

Promise

A Commitment Or Willingness To Be Bound To A ...

Bilateral Contract

An Agreement That Contains Mutual Promises, W...

Unilateral Contract

A Contract In Which The Promisor Does Not Rec...

Good

Tangible (touchable), Movable Personal Proper...