EC-106
The minimum age a person must be to legally sign a contract on their own.
18 years old
This is the legal right that protects original creative works like songs, books, and movies.
Copyright
This is the federal agency (the FTC) responsible for stopping unfair or deceptive business practices.
Federal Trade Commission
This is the highest court in the United States and the final authority on the Constitution.
This is the general term for a person who acts on behalf of another person or company.
An Agent
This is a legally binding agreement between two or more parties that is enforceable by a court.
A contract
This official government document gives an inventor exclusive rights to make or sell an invention.
A Patent
This is a manufacturer’s written promise to repair or replace a faulty product within a certain time.
Express Warranty
This is the person or party who files a lawsuit to start a civil case.
The Plaintiff
This is the person or business entity that hires an agent to represent them.
The Principal
This essential contract element is the "price" or value exchanged between parties, such as money for a service.
Consideration
This symbol, word, or design identifies a specific brand and distinguishes it from competitors.
Trademark
This term describes the legal responsibility of a manufacturer if their product causes injury to a user.
Product Liability
This is the person or company being sued or accused of a crime in a court of law.
The Defendant
This type of worker controls their own methods and is not considered a legal employee of a company.
Independent Contractor
This legal doctrine holds an employer responsible for the actions of an employee performed during work hours.
Respondeat Superior
This term describes the unfair use of "insider" company info to buy or sell stocks for a profit.
Insider Trading
This specific type of liability means a company is responsible for a dangerous product even if they weren't "negligent."
Strict Liability
This is the formal decision or "judgment" handed down by a jury at the end of a trial.
The Verdict
This legal doctrine allows an employer to fire an employee at any time for any legal reason.
This specific law requires certain contracts, such as those for the sale of land, to be in writing to be valid.
Statute of Frauds
This is the specific term for an employee who reports their company's illegal activities to the authorities.
Whistleblower
This is the legal term for a "warning" on a product that limits the seller's liability for certain types of damage.
Disclaimer
This term refers to a court's legal power and authority to hear and decide a specific case.
Jurisdiction
This specific type of authority is created when a principal leads a third party to believe someone is their agent.
Apparent Authority