Shared Flashcard Set

Details

Final
Business Law
13
Business
11th Grade
06/06/2008

Additional Business Flashcards

 


 

Cards

Term
Procedural Defenses
Definition
defense based on problems with the way evidence is obtained or the way the accused person is arrested, questioned, tried or punished
Term
Strict Liability
Definition
holding a defendant liable without a showing of negligence
Term
Rescission
Definition
banking out of the transaction by asking for the return of what you gave and offering to give back what you received
Term
Restitution
Definition
restoring or making good a loss; repayment of money illegally obtained
Term
Substitution
Definition
parties’ replacement of their original contract with a new contract
Term
Breach of Contract
Definition
failure to provide complete performance of contractual obligations
Term
Copyright
Definition
protects the expression of a creative work, such as the work of an artist, author, or composer
Term
Liquidated Damages
Definition
damages agreed upon before a possible breach of contract
Term

Common Law

Definition
law based on current standards or customs of the people
Term

Procedural Law

Definition
group of laws that define the methods for enforcing legal rights and duties
Term
Civil Rights
Definition
personal, human rights recognized and guaranteed by the US Constitution
Term
Lost Property
Definition
property that the owner unknowingly leaves somewhere or accidentally drops
Term
Bailment
Definition
transfer of possession of personal property without transfer of ownership
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