Negotiable Instruments
A draft to pay money that is drawn on a bank and payable on demand.
What is Check?
One who works for and receives payment from an employer but is not controlled by the employer.
What is independent contractor?
A common law doctrine where either the employee or employer can at any time for any reason terminate employment.
What is Employment At Will?
This extended wage-hour requirements to cover all employees engaged in interstate commerce or in producing goods for interstate commerce.
What is the Fair Labor Standards Act (FLSA)?
What is the term for someone asking for something in exchange for something else.
What is Quid Pro Quo?
An order by one person to pay another person or the bearer on demand or at a certain time.
What is a Draft.
The Principal and the Agent make up the ___________.
What is the Agency?
An employees disclosure to government authorities or upper level management or the media that the employer is engaged in unsafe or illegal activities.
What is whistleblowing?
Which Act prohibits and has restrictions on Child Labor?
Authorization for another to act as one's agent or attorney either in specified circumstances or in all situations.
What is Power of Attorney?
A note issued by the bank in which the bank acknowledges the receipt of funds from a person and promises to repay that amount, with interest, on a certain date.
What is Certificate of Deposit?
A legal principle that bars a party from denying or alleging a certain fact owing to the party's pervious conduct, allegation or denial.
What is Estoppel?
You cannot dismiss an employee for jury duty, military service or whistleblowing based upon __________.
What is Public Policy?
Which Act allows employees to take time off from work for family or medical reasons.
What is the Family and Medical Leave Act?
A public official authorized ot attest to the authenticity of signatures.
What is a Notary Public?
Signature on an instrument for the purpose of transferring ownership rights in the instrument.
What is indorsement?
Requires that an agent's authority be in writing if the contract to be made on behalf of the principal must be in writing.
What is Equal Dignity Rule?
An employee who is not subject to overtime and minimum wage requirements.
What is an Exempt Employee?
These laws establish an administrative process for compensating workers for injuries that arise in the course of their employment, regardless of fault.
What is Workers' Compensation Laws?
This type of indorsement requires the indorsee to comply with certain instructions regarding the funds involved.
What is Restrictive?
A signed writing that contains an unconditional promise or order to pay an exact sum on demand or at a specific time to a person or the bearer.
What is a negotiable instrument?
This is the heart of agency law. It is founded in trust and confidence. A person takes on a duty to act primarily for another's benefit.
What is Fiduciary?
A group of people protected by specific laws because of the group's defining characteristics.
What is Protected Class?
The fundamental federal law aimed toward safety in the workplace.
What is the Occupational Safety and Health Act (OSHA).
A holder who acquires a negotiable instrument for value, in good faith, and without notice that the instrument is defective.
What is Holder In Due Course?