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MGMT 455 Exam 1 FALL 2014
Flash cards of lecture material pertaining to exam 1.
43
Management
Undergraduate 3
10/06/2014

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Term
Violent Crime Compensation Act
Definition
allows people who are victims of violent crime to collect some money (up to $15000 plus out of pocket costs)
Term
Juror Qualifications
Definition
18 or older, US citizen, resident of county, cannot be a felon, must be able to read, write, and speak English.
Term
Juror Exemptions
Definition
Indiana has a deferral system: must ask judge for permission to not serve with evidence of a hardship, extreme inconvenience, or necessity.
Term
Juror Exclusions
Definition
biased, know about the case, know the plaintiff or defendant, etc.
Term
Bonds (Own Recognizance)
Definition
Still must show up to court but will be released from holding for free
Term
Bonds (Cash Bond)
Definition
Pay money to court staff (will receive 90% back after trial no matter what)
Term
Bonds (Surety Bond)
Definition
used for more felony cases; a bond is purchased with a percentage premium to purchase the bond.
Term
Bonds (Property Bond)
Definition
putting up property such as real estate, vehicle, etc. as collateral
Term
Diversion Agreement
Definition
Agreement to withhold prosecution. Generally prosecution is held for a year and the defendant must meet requirements during the time. If the defendant upholds the requirements, the case is dismissed.
Term
Defense of Self-Defense
Definition
Use of reasonable force for protection.
Term
Indiana Lifeline Law
Definition
Offers immunity to the friend calling for help and the person in need of help whether it be for drugs or alcohol.
Term
Shoplifting in Indiana
Definition
Retail employees are allowed to stop a shoplifter, ask for ID & proof of ID, and search them, ALL WITH PROBABLE CAUSE.
Term
4 Stages of a Lawsuit
Definition
1) Pleadings
2) Discovery and Pre-Trial
3) Trial and Appeal
4) Collections
Term
Pleading
Definition
Complete a 'complaint and summons' form and turn into county clerk
Term
Summons
Definition
A notification to a defendant that they are being sued. Often sent in the ordinary mail. If it is not returned to sender within 30 days, then it is considered served. Also served personally: someone serves defendant in person by delivery (can leave w/ person of suitable age), pins it to door, etc.
Term
Subpoena
Definition
Order to appear in court (served like a summons)
Term
Pro-Supp (collections)
Definition
A Pro-Supp generates a court order for the person in question to appear in court to speak on their income and assets.
Term
Garnishment of Wages (collections)
Definition
A way of collecting monetary compensation. The LESSER OF the following: 25% of disposable earnings OR amount by which disposable earnings exceeds 30 times the federal minimum wage ($217.50 per hour). Child support takes precedence over a garnishment for a civil judgement.
Term
Seizing Property
Definition
Requires a writ which sheriff carries out. Goal is to collect property and convert to cash.
Term
Exemptions for Collections
Definition
tangible personal property ($9350 exempt), intangible personal property ($350 exempt), retirement acct (completely exempt), family residence ($17600 exempt)
Term
5th Amendment
Definition
Right to due process, freedom from self incrimination
Term
Miranda Rights
Definition
We do NOT have a constitutional right to be read our Miranda Rights. There is NO requirement. However, if you are IN CUSTODY AND UNDER POLICE INTERROGATION and give a SELF INCRIMINATING answer, you are protected. Miranda Rights is an exclusionary law of evidence
Term
Sherman Act
Definition
Used to oppose the combination of entities that could POTENTIALLY harm competition, such as monopolies or cartels.
Term
Clayton Act
Definition
Used to oppose price discrimination, exclusive contracts, combinations, mergers, acquisitions, and interlocking directorates
Term
Robinson-Patman Act
Definition
Used to oppose predatory pricing and selling
Term
Exemptions under Anti-Trust Acts
Definition
governments, patents, labor unions, and MLB baseball
Term
RICO (Racketeer Influenced & Corrupt Organizations)
Definition
Focuses specifically on racketeering, and it allows the leaders of a syndicate to be tried for the crimes which they ordered others to do or assisted them, closing a perceived loophole that allowed someone who told a man to, for example, murder, to be exempt from the trial because he did not actually commit the crime personally.
Term
Corporate Inversion
Definition
Relocation of a corporation's headquarters to a lower-tax nation, or corporate haven, usually while retaining its material operations in its higher-tax country of origin.
Term
Termination for just cause
Definition
must justify firing someone
Term
Tort
Definition
A civil wrong doing
Term
3 Kinds of Torts
Definition
Intentional, Negligent, Strict Liability
Term
Torts (Strict Liability)
Definition
Product liability: defenses include misuse of item, disregarding labeling, disregarding warnings, modified product.

Animals: if you raise wild animals, you are responsible for the damage they cause.
Term
Torts (Intentional)
Definition
Slander: spoken defamation of character
Libel: written defamation of character
Battery
Conversion: when one refuses to return a borrowed item-- can sue for 3x value of item
Term
Torts (Negligent)
Definition
The damages must be PROXIMATELY CAUSED by the defendant AND injury must be foreseeable
Term
Tort Claims Act (Indiana)
Definition
If a gov't entity causes harm to you civilly, before you go to court, you must give written notice of tort claim to the gov't entity within 180 DAYS. After notice is given, the gov't entity has 90 DAYS to adjust, settle, deny, etc. before you can sue.
Term
Types of Defenses to a Negligent Tort claim
Definition
Act of God, comparative fault, contributory negligence, assumption of risk
Term
Negligent Tort Defenses (Comparative Fault)
Definition
If plaintiff proves defense is 50% or more liable, plaintiff recovers.
Term
Negligent Tort Defenses (Contributory Negligence)
Definition
If a person was injured in part due to their own negligence, the injured party would not be entitled to collect any damages (money) from another party who supposedly caused the accident.
Term
3 Types of Damages
Definition
Compensatory, Nominal, and Punitive
Term
Types of Damages (Compensatory)
Definition
Paid for out-of-pocket costs and what is owed to you. Out-of-pocket costs include medical bills, missed time at work, etc.
Term
Types of Damages (Nominal)
Definition
Usually there are at least some before punitive; small amounts of money
Term
Types of Damages (Punitive)
Definition
Intended to send a message to the other side. In Indiana, it cannot exceed $50k or 3 times the compensatory damages. However, you only recover 25% for yourself. The other 75% is put in state's violent crime compensation fund.
Term
Jurisdiction
Definition
Authority of a court to hear a case
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