Consumer Rights
This type of law protects buyers from unfair business practices.
What are consumer protection laws?
This is the legal process where someone files for chapter 7, 11 or 13 when they're not able to repay debts.
What is bankruptcy?
A legally enforceable agreement between two or more parties.
What is a contract?
CSR stands for this concept involving a company's responsibility to society.
What is Corporate Social Responsibility?
This agency helps ensure safe working conditions.
What is OSHA?
This federal agency helps protect consumers from false and deceptive advertising.
What is the FTC?
This document contains a person's borrowing and repayment history.
What is a credit report?
These three elements are required for most valid contracts.
What are offer, acceptance, and consideration?
This state is popular for incorporation because of its business-friendly laws and Court of Chancery.
What is Delaware?
These letters stand for the law that provides eligible employees with protected leave for certain family and medical reasons.
What is FMLA?
This occurs when a business makes false or misleading claims about a product.
What is deceptive advertising?
This financial consequence often results from filing bankruptcy.
What is damage to a person's credit score/history?
A proposal to enter into an agreement.
What is an offer?
Insider trading is illegal because it gives some investors this unfair advantage.
What is access to non-public information?
The primary purpose of this organization is to represent workers and negotiate for better conditions.
What is a labor union?
A company may issue one of these when a product is found to be unsafe.
What is a product recall?
Lenders use this number to measure creditworthiness.
What is a credit score?
This occurs when a party agrees to the terms of an offer.
What is acceptance?
These laws are designed to prevent monopolies and promote competition.
What are antitrust laws?
The process of workers and employers negotiating wages, benefits, and working conditions.
What is collective bargaining?
Give an example of deceptive advertising and explain why it is misleading.
Answers will vary.
This federal law helps ensure that credit reports are accurate.
What is the Fair Credit Reporting Act (FCRA)?
Failing to perform as promised in a contract is known as this.
What is a breach of contract?
This government agency enforces many federal antitrust laws.
What is the Department of Justice (DOJ)?
This agency enforces laws against workplace discrimination.
What is the EEOC?