Contracts
This is a legally enforceable agreement between two or more parties
What is a contract?
This is an unintentional tort resulting from negligence
What is a personal injury claim?
This protects original works of authorship like books and music
What is copyright?
This is the simplest form of business ownership
What is a sole proprietorship?
This law protects employees from workplace discrimination
What is Title VII of the Civil Rights Act of 1964?
This principle requires businesses to act with honesty and integrity
What is business ethics?
This type of contract requires an exchange of promises
What is a bilateral contract?
This defense to negligence occurs when the plaintiff is partially at fault
What is comparative negligence?
This protects inventions for a limited time
What is a patent?
This business structure limits owner liability but is not taxed separately
What is a limited liability company (LLC)?
This act establishes minimum wage and overtime pay regulations
What is the Fair Labor Standards Act (FLSA)?
This is the ethical theory focused on the greatest good for the greatest number
What is utilitarianism?
This type of contract is formed when one party makes an offer and another accepts by performing.
What is a unilateral contract?
A statement that damages someone's reputation in written form is called this
What is libel?
A recognizable sign, design, or expression that identifies a product or service
What is a trademark?
This entity is legally separate from its owners and issues stock
What is a corporation?
The legal principle that employers can terminate employees for any reason, except an illegal one
What is at-will employment?
This ethical principle focuses on fairness and equality
What is justice?
This contract element ensures that both parties receive something of value.
"What is consideration?
This doctrine holds that employers are responsible for employees' actions
What is vicarious liability?
This intellectual property protection applies to secret business processes
What is a trade secret?
This business entity combines elements of partnerships and corporations
What is a limited liability partnership (LLP)?
This agency enforces workplace safety regulations
What is the Occupational Safety and Health Administration (OSHA)?
The moral obligation of companies to contribute to society beyond profit-making
What is corporate social responsibility (CSR)?
The type of contract that must be in writing under the Statute of Frauds
What is a contract for the sale of real estate?
This doctrine allows a defendant to avoid liability if the plaintiff knew of the risks and voluntarily assumed them
What is assumption of risk?
The duration of copyright protection for works created after 1978
What is the life of the author plus 70 years?
This business structure is owned by its members and profits are distributed among them
What is a member-managed LLC (Limited Liability Company)?
This law requires employers to provide unpaid leave for certain family and medical reasons
What is the Family and Medical Leave Act (FMLA)?
This ethical framework emphasizes duty and rules over consequences
What is deontology?