Ch. 15 Vocabulary
Ch. 15 Protection Against Unfair Trade Practices
Ch. 22 Vocabulary
Ch. 22 Employer Duties
Mix of Chs. 15 and 22
100
Improper business practice involving luring buyers to the store with an understocked, low-price good and then redirecting them to a more expensive product
What is bait and switch?
100
Mislabeling to make more marketable
What are mislabeled goods?
100
Payment employer makes to an insurance fund that compensates employees for injuries that occur on the job
What is workers compensation?
100
Money deducted from an employee’s paycheck
What are payroll deductions?
100
Greatly exaggerated sales talk
What is puffing?
200
A voluntary, court-enforceable agreement to stop an illegal questionable practice
What is consent order?
200
What companies do to try and insure their survival
What is control and fix prices?
200
Firing an employee in retaliation for reporting violations of law by the company
What is wrongful discharge?
200
Must not be harmful to the employee’s health, safety, morals, or reputation
What are safe working conditions?
200
Has the power to set standards for weights and measures
What is Congress?
300
Government order requiring certain improper conduct to stop
What is cease and desist order?
300
Representing a good to be free when purchased with another good that is sold at inflated price to cover the cost of the “free” item
What is unfair pricing and service?
300
Employee may be discharged at any time because no agreement was made about length of employment; alternately, employee may quit the job at any time without liability for breach of contract
What is employment at will?
300
Minimum wage and overtime requirements; 41+ hours=time and a half (overtime)
What are fair labor standards?
300
One who contracts to do something for another but is free of the latter’s direction and control
Who is an independent contractor?
400
“Let the buyer beware.”
What is caveat emptor?
400
Intentionally deceives, makes untrue claims of quality or effectiveness, or fails to reveal critically important facts
What is false or misleading advertising?
400
Those who accept work possess skill, experience, and knowledge necessary for the job
What is duty of reasonable skill?
400
If employer commits assault or battery against the employee, the employee may quit without liability and sue for damages
What is reasonable treatment?
400
Seller warrants that he/she has title to goods and the right to transfer them
What is Warranty of Title?
500
“Let the seller beware.”
What is caveat venditor?
500
Using a brand name or trademark so similar to a competitor’s that it confuses the public
What is other unfair trade practice?
500
Perform job tasks with competence, perform assigned duties at the prescribed time and in the prescribed manner
What is duty of reasonable performance?
500
Act that requires a covered employer to grant an eligible worker up to 12 weeks of unpaid leave in a year for serious medical conditions, birth and care of a newborn child, care of an immediate family member with a serious health condition, and/or receiving children from adoptive or foster care
What is the Family and Medical Leave Act?
500
By Performance, By Material Breach, and By Termination by Will
What are the ways employment contracts can be terminated?
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