Create an account
commissions or boards that have the power to regulate particular matters or implement laws
laws designed to prevent an individual, corporation, or other group from controlling too large a share of the market for a product
Certificate of Deposit
an acknowledgement by a bank of a receipt of money with an engagement to repay
obtaining consent to a contract by threatening to do harm to a person or members of the person's family
a writing drawn in special form, which can be transferred as a substitute for money or an instrument of credit
Parol Evidence Rule
complete, written contract may not be modified by oral testimony unless evidence of fraud, accident, or mistake
Ruth paid $400 on a $600 note held by Martin. Ruth failed to make a payment on the note. What defense will Ruth raise if sued for $600 by Martin?
movable property; interest less than complete ownership in land or rights to money
the demand for acceptance or payment made upon the maker, acceptor, drawee, or other payer
the doctrine which makes higher court decisions binding on lower courts Statute of Frauds
United States Supreme Court
the final arbiter in disputes about whether a state or federal law violates the U.S. Constitution
process by which employer and union negotiate and agree on terms of employment
Contributory Negligence Rule
rule that states that an employer can escape liability for breach of duty if it can be established that the employee's own negligence contributed to the accident
Family Medical Leave Act
allows the employees the right to take leaves when family circumstances or illnesses require it
capital contribution is maximum loss or the maximum amount an investor can lose equals that person's actual investment in the business
Not for profit corporation
one formed by private individuals for charitable, education, religious, social, or fraternal purpose
in terms of a will: a testor may revoke his will at any time
in terms of an agency: principle may revoke agent's authority at any time
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