Criminal Law
Who's the plaintiff
The person who accuses the person of the crime
What is civil law
Concerned with private or purely personal rights
What is bait and switch
Advertising goods that are an apparent bargain, with the intention of substituting inferior or more expensive goods
What is trespassing
Intentional act by the defendant which causes the defendant to enter or intrude on the plaintiff's land
What is a sole proprietorship
A non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner
What's an infraction?
Minor offense, usually a fine - No jail time. ex. Speeding tickets
Who is the defendant
The person accused of the crime
What is consumer law
Involves all the regulations and statutes that protect the public at large from unfair business practices.
What are damages
These are considered any losses sustained by the victim
What is a partnership
An arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests.
What's a misdemeanor
Less severity than a felony. (petty offense) ex. driving without a license/DUI/Disorderly conduct
What is defamation
The action of damaging the good reputation of someone; slander
What does the Food and Drug Administration (FDA) do
Responsible for protecting the public health by ensuring the safety, efficacy, and security
What is fraud
The goal of taking money or property from another
What is a corporation
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
What is larceny
Unlawful taking and carrying away of personal property (Shoplifting)
What is extortion
The victim agrees to give up the money or property, but does so out of fear
Why was the military lending act put in place
To increase protections for active-duty service members, their spouses and dependents
What is a breach
Can occur anytime the defendant's careless or negligence causes harm to another.
What is a LLC
A business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
What is embezzlement
Wrongful taking away of another’s property by a person who has been entrusted with that property
What is negligence
Failure to take proper care in doing something
Why was the Dodd-Frank Act put in place
To protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices ex.
What is strict liability
Does not require proof of negligence; instead, liability attaches to the defendant's actions
What is a franchise
Whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.