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25 terms

contrct and employment law

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acceptance
occurs when the paty to which the offer was made agrees to the terms of the contract; may be not be made immediately ; must somehow be communicated to the party that offered the contract.
americans with disabilities act of 1990
makes it unnlawful to discriminate employees based on a disability
breach of contract
occurs when one party internationally does not fulfill their contractual obligations; awards the non-breaching p[arty some kind of remedy under law such as monetary damages or cancellation of the entire contract
collective bargaining
when employers and employees negotiate their salary and work requirements; usually involves the employees being representared by a union ; governet by the naktional; labor relations act; can lead to strikes and layoffs
common law
judge made law passed down over the years; governs everythins except for the sale of goods
competent
able to execute the contract
consideration
legal term for the bargain that occurs when one party gives something up and another party recives something in return
contract
legally enforceable document between two or more parties that creates an obligation; usually regulated and enforced by the states in which is was made
counteroffers
when the oiginal offer of a contract is not accepted and new offer is returned in the original offers place; void or nullifies the original offer' may be accepted, rejected or modified by the party that made the original offer
employee retirement income security act (erisa)
requires that employees and labor department receive a detailed list of what each employee will receive when it is time to collect their pension; prevents fraud and allows the employees that are getting their fair share of money
employment discrimination law
aims to prevent employment discrimination based on race, sex, age, religion, or physical disability
employment law
large areas of law which covers all of the aspects of the employers and employee relationship; consists of a thousands of law; includes many laws enacted to protect workers.
equal employment opportunity commission (eeoc)
federal organization which oversees most emplyment discrimination law inclutiong the equa; pay act and the americans with disabilities act of 19900; requires that employers show posters
aqual pay act
states that you cannot discriminate wages based on gender
mutual agreetment
when all parties agree to the term of contract
national labor ralations act (nlra)
federal law that allows emplyees to join unions and collectivty bargain, passe in 1935, created the national relations board to oversee and enforce the NLRA
occupational safety and health administration (osha)
regulates and investigates workplace incidents involving injury and illness for most U.S wokers
paties
people, organization or corporations
revoked
leagl term for taken away
pensions
payment made to employees after they have retired, similar to a retiremant plan, regulated by the employee retirement income security act
spacific performance
when a court forces a party to fulfill the contract anyway
unemployment corporation law
provides funds for workers which are unemployed due to layoff
uniform commercial code (ucc)
section of law that governs the sale og goods
union
group formed by employees to nagotiate with the employer
workers compensation
provides payment and assistance to empoyees who are hurt or disables on the job; gives fixed monetary awards to such individuals