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Study sets matching "business law chapter 6"

36 terms
Business Law: Chapter 6
Bilateral contract
Contract(s)
Option
Unilateral contract
Offers that require the offeree to accept by communicating th…
All economic activity is based upon legally enforceable agree…
..., A right which is given for consideration to a party (opt…
A contract in which performance alone is acceptance
Bilateral contract
Offers that require the offeree to accept by communicating th…
Contract(s)
All economic activity is based upon legally enforceable agree…
29 terms
Business Law--Chapter 6
Assumption of the Risk
Reasonable-Person Standard
Interference with Contractual Relations
Punitive Damages
A defense to negligence based on the plaintiff knowingly subj…
A general duty imposed by negligence law that requires that w…
A third party's enticing or encouraging a breach of contract,…
Added damages intended to punish and make an example of the d…
Assumption of the Risk
A defense to negligence based on the plaintiff knowingly subj…
Reasonable-Person Standard
A general duty imposed by negligence law that requires that w…
15 terms
Business Law ~ Chapter 6 Terms
Acceptance
Bilateral contract
Capacity
Contract
in contracts, occurs when a party to whom an offer has been m…
offeree can accept offer by giving a promise to the offeror i…
ability to understand
agreement between two parties that creates an obligation
Acceptance
in contracts, occurs when a party to whom an offer has been m…
Bilateral contract
offeree can accept offer by giving a promise to the offeror i…
17 terms
Business Law Chapter 6
Contracts
Offeror
Offeree
Consideration
agreement between two parties that creates an obligation
party who makes an offer to form a contract
party to whom an offer is made
what a person demands and generally must receive in order to…
Contracts
agreement between two parties that creates an obligation
Offeror
party who makes an offer to form a contract
6 terms
Business Law - Chapter 6
Administrative Agency
Legislative Branch
Executive Branch
Judicial Branch
Government body responsible for the public interest
Consist of elected representatives who pass laws that represe…
Ensures that enacted legislation is enforced
Determines if there has been violations of the law
Administrative Agency
Government body responsible for the public interest
Legislative Branch
Consist of elected representatives who pass laws that represe…
8 terms
Business Law Chapter 6
Offer
Executory Contract
Offeror
Consideration
proposal by offeror to do something, provided the offeree doe…
contract that has not been fully performed
the party who communicates a serious, definite offer
what the promisor demands and generally must receive in order…
Offer
proposal by offeror to do something, provided the offeree doe…
Executory Contract
contract that has not been fully performed
8 terms
Business Law--Chapter 6
bilateral
capacity
communicated or received
mailed or out of the control of the of…
A contract that contains two promises, one by the offeror and…
Minors do NOT have the _______________ to make legally enforc…
The revocation of an offer becomes effective when it is _____…
If an acceptance is made by letter, it becomes effective when…
bilateral
A contract that contains two promises, one by the offeror and…
capacity
Minors do NOT have the _______________ to make legally enforc…
12 terms
Business Law Chapter 6 Vocabulary
Contract
Offeror
Offeree
Offer
Agreements between two or more parties that create obligations.
A person who makes an offer.
A person to whom an offer is made.
Proposal by an offeror to do something, provided the offeree…
Contract
Agreements between two or more parties that create obligations.
Offeror
A person who makes an offer.
31 terms
Business Law-Chapter 6 (Contracts)
contracts
offeror
offeree
agreement
agreements between two or more people that create legal oblig…
the person who makes an offer
the person to whom a contract is made
legal situation that is composed of an offer and acceptance
contracts
agreements between two or more people that create legal oblig…
offeror
the person who makes an offer
27 terms
Business Law Chapter 6
What does our Constitution do?
What are our three branches of governm…
Our Constitution is made up of the pre…
What article created the legislative b…
It creates a plan for allocating regulatory powers to both fe…
Legislative, Executive and Judicial
Seven
Article I. It established a Congress with two houses: senate…
What does our Constitution do?
It creates a plan for allocating regulatory powers to both fe…
What are our three branches of governm…
Legislative, Executive and Judicial
49 terms
Business Law Chapter 6
Two notions that are the basis of tort
Tort law
Compensatory damages
Special damages
wrongs and compensation
compensates those who have suffered a loss or an injury due t…
Are intended to compensate or reimburse a plaintiff for actua…
Compensate the plaintiff for quantifiable monetary losses, su…
Two notions that are the basis of tort
wrongs and compensation
Tort law
compensates those who have suffered a loss or an injury due t…
19 terms
Business Law Chapter 6
1.Which of the following are stakehold…
2.Which of the following is true under…
3.What are some examples of purpose in…
4. Which of the following is a part of…
E. All the above
E. None of the above are true.
E. Freedom, security and efficiency
A. Public disclosure
1.Which of the following are stakehold…
E. All the above
2.Which of the following is true under…
E. None of the above are true.
39 terms
Business Law Chapter 6
actionable
actual malice
assault
assumption of risk
capable of serving as a basis for a lawsuit
a condition that exists when a person makes a statement with…
any word or action intended to make another person fearful of…
a defense against negligence that can be used when the plaint…
actionable
capable of serving as a basis for a lawsuit
actual malice
a condition that exists when a person makes a statement with…
27 terms
Business Law Chapter 6
actionable
actual malice
appropriation
assult
capable of serving as the basis of a lawsuit
a condition that exists when a person makes a statement with…
the use by one person of another person's name, likeness or o…
any word or action intended to make another person fearful of…
actionable
capable of serving as the basis of a lawsuit
actual malice
a condition that exists when a person makes a statement with…
32 terms
Business Law: Chapter 6
torts
purpose of tort law
compensatory damages
special damages
law that compensates those who have suffered a loss or injury…
to provide remedies for violation of various protected rights…
to compensate or reimburse the plaintiff for actual losses
compensate for quantifiable monetary losses
torts
law that compensates those who have suffered a loss or injury…
purpose of tort law
to provide remedies for violation of various protected rights…
12 terms
Chapter 6 terms Business Law
Contracts
Offeror
Offeree
Consideration
Agreements between two or more parties that create obligations.
The person who makes the offer.
The person to whom the offer is made for.
What a person demands and generally must receive in order to…
Contracts
Agreements between two or more parties that create obligations.
Offeror
The person who makes the offer.
31 terms
Business Law // Chapter 6: Offer and Acceptance
Contract
Offeror
Offeree
6 requirements of a legally enforceabl…
An agreement between 2+ people that creates obligations
Person who makes the offer
Person to whom the offer is made
1) offer & acceptance; 2) genuine assent; 3) legality; 4) con…
Contract
An agreement between 2+ people that creates obligations
Offeror
Person who makes the offer
35 terms
Business Law I Chapter 6 Vocabulary
tort
intentional tort
negligence
strict liability
A violation of a duty imposed by the civil law.
A civil wrong resulting from an intentional act on the part o…
Injuries caused by neglect and oversight rather than by delib…
A tort doctrine holding those who engage in ultrahazardous ac…
tort
A violation of a duty imposed by the civil law.
intentional tort
A civil wrong resulting from an intentional act on the part o…
12 terms
Business Law Chapter 6 Vocab
Contracts
Offeror
Offeree
Offer
agreement between two parties that creates an obligation
party who makes an offer to form a contract
party to whom an offer is made
proposal by an offeror to do something, provided the offeree…
Contracts
agreement between two parties that creates an obligation
Offeror
party who makes an offer to form a contract
40 terms
Chapter 6 Business Law
A tort is a violation of a duty impose…
The first amendment guarantee of freed…
Public officials and public figures re…
Opinion is generally a valid defense i…
True
False
True
True
A tort is a violation of a duty impose…
True
The first amendment guarantee of freed…
False
19 terms
Business Law Chapter 6
__________ law governs the conduct of…
Which of the following laws prohibits…
What is the mission of the World Trade…
__________ is the practice wherein an…
International; comparative
The Foreign Corrupt Practices Act (FCPA)
To facilitate international cooperation in opening markets, a…
Dumping
__________ law governs the conduct of…
International; comparative
Which of the following laws prohibits…
The Foreign Corrupt Practices Act (FCPA)
17 terms
Business and Personal Law - Chapter 6
Substantial Performance
Tender
Discharge by Agreement
Substituted
a situation in which a party has, in good faith, completed a…
an offer to do what you have agreed to do under a contract
people can end a contract by mutual agreement
Something that takes the place of another; a replacement; a c…
Substantial Performance
a situation in which a party has, in good faith, completed a…
Tender
an offer to do what you have agreed to do under a contract
47 terms
Business Law Chapter 6
Tort
Intentional torts
Negligence and strict liability
Element
a violation of a duty imposed by the civil law
Harm caused by a deliberate action
Injuries caused by neglect and oversight rather than by delib…
A fact that a plaintiff must prove to win a lawsuit
Tort
a violation of a duty imposed by the civil law
Intentional torts
Harm caused by a deliberate action
29 terms
Business Law Chapter 6
Accord and satisfaction
Anticipatory breach/repudiation
Assignee
Assignment
An agreement to substitute consideration on a contract,... follo…
When a party to a contract informs the other... in advance that…
The person who acquires rights on a contract he or she was no…
The transfer of benefits or rights under a contract to a thir…
Accord and satisfaction
An agreement to substitute consideration on a contract,... follo…
Anticipatory breach/repudiation
When a party to a contract informs the other... in advance that…
26 terms
Business Law Chapter 6
Crime
Beyond a Reasonable Doubt
Actus reus
Mens rea
A wrong against society proclaimed in a statute and, if commi…
The standard of proof used in criminal cases.
A guilty (prohibited) act. The commission of a prohibited act…
The wrongful mental state ("guilty mind"), or intent, that is…
Crime
A wrong against society proclaimed in a statute and, if commi…
Beyond a Reasonable Doubt
The standard of proof used in criminal cases.
37 terms
Business Law - Chapter 6
Purpose of tort law
Compensatory damages
Punitive damages
Intentional tort
To provide remedies for the violation of various protected in…
Money award equivalent to actual value of injuries or damages…
Money damages that may be awarded to a plaintiff to punish th…
Wrongful act knowingly committed
Purpose of tort law
To provide remedies for the violation of various protected in…
Compensatory damages
Money award equivalent to actual value of injuries or damages…
Business Law Chapter 6
product liability
negligence
intentional misrepresentation (fraud)
strict liability
The liability of manufacturers, sellers, and others for the i…
A tort related to defective products in which the defendant h…
A tort in which a seller or lessor fraudulently misrepresents…
A tort doctrine that makes manufacturers, distributors, whole…
product liability
The liability of manufacturers, sellers, and others for the i…
negligence
A tort related to defective products in which the defendant h…
10 terms
Understanding Business & Personal Law - Chapter 6
Complaint
Answer
Verdict
Judgment
Legal document containing a short and plan statement of the p…
Formal written document that admits or denies each allegation…
Decision of the jury.
Court's determination or decision in a case.
Complaint
Legal document containing a short and plan statement of the p…
Answer
Formal written document that admits or denies each allegation…
49 terms
Business Law I Chapter 6 Other
True
The New Orleans States-Item newspaper…
Mr. Collin, the author of the restaura…
Sharon Yeagle was assistant to the Vic…
True or False? Opinion is generally a valid defense in a defa…
What were the facts that led to the case of Mashburn v. Colli…
Who won the case of Mashburn v. Collins, and why?
What were the facts that led to the case of Yeagle v. Collegi…
True
True or False? Opinion is generally a valid defense in a defa…
The New Orleans States-Item newspaper…
What were the facts that led to the case of Mashburn v. Colli…
62 terms
Business Law Chapter 6
there are no Federal common law crimes
the wrongful or overt act (actus reus)…
called actus reus... physical elements of…
called mens reus (mental fault)... mental…
Why are all Federal crimes statutory?
What are the 2 elements of a crime?
the nonmental elements of a crime
the mental element of a crime
there are no Federal common law crimes
Why are all Federal crimes statutory?
the wrongful or overt act (actus reus)…
What are the 2 elements of a crime?
18 terms
Business Law Chapter 6
contracts
offeror
offeree
consideration
agreements between two or more parties that create obligations
person who makes the offer
person to whom the offer is made
what the promisor demands and generally must receive in order…
contracts
agreements between two or more parties that create obligations
offeror
person who makes the offer
21 terms
Business Law Chapter 6
commercial speech
contract clause
defamation
due process clause
speech that has a business-oriented purpose. This speech is p…
The constitutional provision that prohibits states from enact…
the publication of anything injurious to the good name or rep…
a provision found in the Fifth and Fourteenth Amendments of t…
commercial speech
speech that has a business-oriented purpose. This speech is p…
contract clause
The constitutional provision that prohibits states from enact…
Business Law Chapter 6
Appropriation
Battery
Business Tort
Compensatory Damages
Use of another's name, likeness or other identifying characte…
The unprivileged, intentional touching of another.
Wrongful interference with the business rights of another.
A money award equivalent to the actual value of injuries or d…
Appropriation
Use of another's name, likeness or other identifying characte…
Battery
The unprivileged, intentional touching of another.
12 terms
Business Law Chapter 6
Contract
Offeror/ Offeree
6 Elements of a Contract
Offer
Agreements that create obligations
Person who makes the offer/ person who the offer is made to
1. Offer and acceptance... 2. Genuine assent... 3. Legality... 4. Cons…
Proposal to do something
Contract
Agreements that create obligations
Offeror/ Offeree
Person who makes the offer/ person who the offer is made to
53 terms
Business Law Chapter 6
Tort Law
Purpose of a tort law
2 Types of Damages
Compensatory Damages
Compensation for wrongs (injury or loss)
Provide remedy for physical and Property Wrongs
Compensatory, Punitive
Reimburse plaintiff for actual loss
Tort Law
Compensation for wrongs (injury or loss)
Purpose of a tort law
Provide remedy for physical and Property Wrongs
15 terms
Business Law Chapter 6
Acceptance
Bilateral Contract
Contract
Counteroffer
occurs when a party to whom an offer has been made agrees to…
offeree can accept offer by giving a promise to the offeror i…
agreement between two parties that creates an obligation
offeree's response to an offer which modifies it
Acceptance
occurs when a party to whom an offer has been made agrees to…
Bilateral Contract
offeree can accept offer by giving a promise to the offeror i…
31 terms
Business Law Chapter 6
offer
reasonable
social
offeror
A proposal to do something.
Judges use the test of the ___________ person to determine wh…
A ________ arrangement is not a contract.
A person who makes an offer.
offer
A proposal to do something.
reasonable
Judges use the test of the ___________ person to determine wh…
12 terms
Chapter 6- Talagadadeevi (Business Law)
mirror image rule
bilateral contracts
unilateral contracts
contracts
requires that the acceptance must exactly match the terms con…
require that the offeree accepts by communicating the request…
offeror promises something in return for the offeree's perfor…
generally defined as agreements between two or more parties t…
mirror image rule
requires that the acceptance must exactly match the terms con…
bilateral contracts
require that the offeree accepts by communicating the request…
16 terms
Business Law Chapter 6
crime
Beyond a Reasonable Doubt
Actus Reus
Mens Rea
wrong against society proclaimed in a statue and if committed…
standard of proof used in criminal cases
a guilty act
mental state or intent
crime
wrong against society proclaimed in a statue and if committed…
Beyond a Reasonable Doubt
standard of proof used in criminal cases
36 terms
BUS-185 Business Law I, Chapter 6 Tort Law
Abuse of process
Actual malice
Actual malice test
Assault
The use of a legal procedure for a purpose other than that fo…
The legal test used by the courts to determine defamation aga…
A defense against libel cases that states public officials mu…
An attempt to commit a battery. (p. 116)
Abuse of process
The use of a legal procedure for a purpose other than that fo…
Actual malice
The legal test used by the courts to determine defamation aga…
41 terms
Business Law- Chapter 6: Tort Law
Tort
Intentional Tort
Negligent Tort
Strict Liability Tort
A violation of another person's rights or a civil wrongdoing…
A civil wrong resulting from an intentional act committed on…
A civil wrong that occurs when the defendant acts in a way th…
A civil wrong that occurs when the defendant takes an action…
Tort
A violation of another person's rights or a civil wrongdoing…
Intentional Tort
A civil wrong resulting from an intentional act committed on…
Business Law Chapter 6
Nature of Crimes
Actus Reus
Mens Rea
Felony
Any act or omission forbidden by public law
Wrongful or overt act
Criminal intent or mental fault
A serious crime (classification of crime)
Nature of Crimes
Any act or omission forbidden by public law
Actus Reus
Wrongful or overt act
21 terms
Business Law Chapter 6
Commercial speech
Contract Clause
Defamation
Due process clause
Speech that has business oriented purpose. This speech is pro…
The constitutional provision that prohibits states from enact…
The publication of anything injurious to the good name or rep…
A provision found in the Fifth and Fourteenth Amendments of t…
Commercial speech
Speech that has business oriented purpose. This speech is pro…
Contract Clause
The constitutional provision that prohibits states from enact…
17 terms
Business Law Chapter 6
Administrative Agency
Executive Agency
Independent Agency
Hybrid Agency
A governmental body responsible for the control and supervisi…
With the executive branch, under "cabinet-level" department,…
Governed by Board of Commissioners
Mixed executive and independent
Administrative Agency
A governmental body responsible for the control and supervisi…
Executive Agency
With the executive branch, under "cabinet-level" department,…
49 terms
Business law chapter 6
tort
Business tort
damages
Compensatory damages
A civil wrong not arising from a breach of contract... - wrongfu…
Wrongful interference with another business rights
Money sought as a remedy for a breach of contract or a tortio…
Intended to compensate or reimburse a plaintiff for actual lo…
tort
A civil wrong not arising from a breach of contract... - wrongfu…
Business tort
Wrongful interference with another business rights
34 terms
Chapter 6 Business Law
Crime
Beyond a Reasonable Doubt
Actus Reus
Mens Rea
A wrong against society proclaimed in a statute and, if commi…
The standard of proof used in criminal cases
A guilty act. The commission of a prohibited act is one of th…
Te wrongful mental state, or intent, that is one of the key r…
Crime
A wrong against society proclaimed in a statute and, if commi…
Beyond a Reasonable Doubt
The standard of proof used in criminal cases
20 terms
Business Law Chapter 6
Mike is arrested at a warehouse in Nor…
Ludwig receives from Milo a marimba st…
William goes to Saddle Up Stables in t…
Mariah takes off her ring and places i…
-a public official
-that the marimba is stolen and Ludwig must intend to keep it
-larceny
-larceny
Mike is arrested at a warehouse in Nor…
-a public official
Ludwig receives from Milo a marimba st…
-that the marimba is stolen and Ludwig must intend to keep it
15 terms
Business Law chapter 6
Substantial Performance
Tender
Discharge by Agreement
Impossibility of Performance
a situation in which a party has, in good faith, completed th…
an offer to do what you have agreed to do under a contract
people can end a contract by mutual agreement
may be allowed in case of death or illness that prevents the…
Substantial Performance
a situation in which a party has, in good faith, completed th…
Tender
an offer to do what you have agreed to do under a contract
16 terms
Business Law- Chapter 6
BOARD- board resolution
Do you need the majority for the board…
Casting vote
BOARD OF AUDITORS(Italy)- composition
A Board Resolution is a formal document that helps to identif…
Yes.... -For the resolutions of the board of directors to be val…
it happens when there is a case of tie, and the president's v…
-it shall consists of 3-5 members: 1 accountant, 2 profession…
BOARD- board resolution
A Board Resolution is a formal document that helps to identif…
Do you need the majority for the board…
Yes.... -For the resolutions of the board of directors to be val…
63 terms
Chapter 6 - Business Law
tort
Purpose of tort
Compensatory
special
A (blank) is a civil injury designed to provide a remedy (dam…
(blank) law is "to provide remedies for the violation of vari…
(Types of Damages in Tort Actions)... reimburse plaintiff for a…
(Types of Damages in Tort Actions)... quantifiable losses, such…
tort
A (blank) is a civil injury designed to provide a remedy (dam…
Purpose of tort
(blank) law is "to provide remedies for the violation of vari…
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