Contracts
A Contract is
What is legally binding agreement between two or more people or businesses.
Uniform Commercial Code (UCC)
What is Laws established to make commercial transactions, such as sales, contracts, and loans, more consistent in all fifty states
Enforces fair-wage laws and work-hours laws, prevents discrimination and harassment in the workplace, ensures employee safety
What is US Department of Labor (DOL)
Recall
What is an order to remove or repair unsafe products in the market
Name 1 of the 8 Consumer Bill of Rights
What is:
1. The right to safety, 2. The right to be informed, 3.the right to choose freely, 4. the right to be heard, 5. the right to satisfy basic needs, 6. the right to redress, 7. the right to consumer education and 8. the right to a healthy environment
Contracts ensure
What is Customers understand their role and rights
Maritime Law
What is Laws that apply to interstate and international commerce activity on a bodies of water.
Fair Labor Standards Act (1938)
CPSC
What is US Consumer Product Safety Commission, in charge of protecting consumers from products that pose unreasonable risks
Consumer Protection Law established in 1972
What is the Consumer Product Safety Act
The four required elements of a legal contract
What is:
Offer, Acceptance, Consideration, Capacity
Relates to businesses buying or investing in other businesses.
What is Antitrust Laws
FMLA
What is Family and Medical Leave Act (1993)
FD&C Act Federal Food, drug, and Cosmetic Act (1938)
What is gives the Food and Drug Administration (FDA) the authority to regulate the safety, labeling, and advertising of food, drugs, and cosmetics in the United States.
Requires food labels to list the amount of calories, fat, cholesterol, sodium, and fiber per serving
What is the Country of Origin Labeling Law (2009)
Regulates how contracts are written, executed and enforced.
What is Contract Law
EIN
What is Employer identification number
Enforces federal Laws that regulate unfair employment practices
What is US Equal Employment Opportunity Commission (EEOC)
Failure to fulfill contract terms
What is Breach of Contract
When one or more parties do not follow the agreed terms of a contract without having a legitimate reason.
What is Breach of contract
Protects consumers who use electronic fund transfer services, including ATMs, point-of-sale terminals, automated bill-payment arrangements, and remote baking programs
What is Electronic Fund Transfer Act of 1978
Employers cannot discriminate based on the race, color, religion, national origin, or gender of an individual
What is Title VII of the Civil Rights Act - Title 7 (1964)
Protects consumers interests
What is Consumer Bill of Rights
A proposal mad with the intent to create a legal obligation
What is an offer