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Contract
Legal System
Random Ch 3
3.2
100
When one or more parties do not follow the agreed terms of a contract without a legitimate reason. 

Breach of contract

100

This Number is assigned by the IRS for businesses to use when Preparing Federal tax returns and forms. 

Employer Identification Number

100

Promoting the Welfare of others.

Philanthropy

100

Overstating the Features and benefits of products or making false claims about them.

False Advertising

200

a contract to rent something. 

Lease

200

Laws that support fair business practices in a free market economy. 

Antitrust Laws

200

Enforces Laws that uphold the truth in advertising.

The Federal Trade Commission (FTC)

200

Specific information about a company or its employees is never shared, except with those who have clearance to receive it. 

Confidentiality

300

Regulates how contracts are written, executed, and enforced. 

Contract Law

300
Enforces federal laws that regulate unfair employment practices.

The US Equal Employment Opportunity Commission (EEOC)

300

Describes how the owners of a company think, feel, and act as a business.

Corporate Culture

400

When a person is legally able to enter into a binding agreement. 

Capacity

400

Employers cannot discriminate based on the race, color, religion, national origin, or gender of an individual. What specific Law is this?

Title VII of the Civil Rights Act-Title 7 (1964)

400

What are the 8 basic consumer rights?

 Right to :

safety, to be informed, to choose freely, to be heard, safety basic needs, to redress, consumer education, a healthy environment. 

400

2 part question!

_________ is any work created by a company employees on the job that is owned by that company. 

& Also may be called a _________ because it is confidential information a company needs to keep private and protect from theft. 

Proprietary Information & Trade secret

500

The Requiring elements of a legal contract. 

Offer, Acceptance, Consideration

500

Businesses are subject to various laws and regulations which include:

Fair Competition, E-commerce, Business finances, Environmental Protection. 

500

Sets rules for commercial E-mail messages and gives recipients the right to stop receiving unwanted e-mails.

CAN-SPAM Act (2003)

500

2 part question!

_________is Behaving with sensitivity to social, environmental, and economic issues. &__________ includes all the actions taken by a business to promote social good. 

Social Responsibility & Corporate Social Responsibility