Acts
What is the Federal Trade Commission Act?
Outlaws unfair methods of competition and laws
What are antitrust laws?
is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
What is the Family and Medical Leave Act?
requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.
What is the Federal Trade Commission?
administers antitrust and consumer protection legislation in pursuit of free and fair competition in the marketplace.
What is collusion?
secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others.
What is the Sherman Antitrust Act?
Regulates competition among enterprises
What is the Copyright Law?
Copyright is a form of intellectual property that grants the creator of an original creative work an exclusive legal right to determine whether and under what conditions this original work may be copied and used by others, usually for a limited term of years.
What is the Fair Labor Standards Act?
creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits most employment of minors in "oppressive child labor"
What is the Uniform Commercial Code?
the body of laws governing commercial transactions in the US.
What is an oligopoly?
a state of limited competition, in which a market is shared by a small number of producers or sellers.
What is the Clayton Act?
Prevent anti-competitive practices in their incipience
What is breach of rental agreement?
Is a an agreed sum paid at fixed intervals by a tenant to the landlord for possession and use of property
What is the Social Security Act?
The law created the Social Security program, establishing a basic right to a pension in old age, as well as insurance against unemployment
What is a breach of warranty?
the failure of a seller to fulfill the terms of a promise, claim, or representation made concerning the quality or type of the product.
What is price fixing?
the maintaining of prices at a certain level by agreement between competing sellers.
What is the Patent Act of the U.S.?
Right granted to the inventor of machine
What is the difference between a patent and a trademark?
Patents prevent others from making or selling an invention, but trademarks protect the words, phrases, symbols, logos, or other devices used to identify the source of goods or services from usage by other competitors.
What is the Occupational Safety and Health Act?
Labor law governing the federal law of occupational health and safety in the private sector and federal government in the United States.
What is a breach of fiduciary duty?
Is an obligation to act in the best interest of another party
What is a group boycott?
Is a type of secondary boycott in which two or more competitors in a relevant market refuse to conduct business with a firm unless the firm agrees to cease doing business with an actual or potential competitor of the firms conducting the boycott
What is the Lanham Act
Is a federal statute that governs trademarks
What is intellectual property?
a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.
What is the Fair Labor Standards Act?
Labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits most employment of minors in "oppressive child labor"
What is an anticipatory breach?
is a term in the law of contracts that describes a declaration by the promising party to a contract that he or she does not intend to live up to his or her obligations under the contract
What is a monopoly?
The exclusive possession or control of the supply of or trade in a commodity or service