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Business Law Final
Final
29
Law
Undergraduate 3
04/30/2016

Additional Law Flashcards

 


 

Cards

Term
Sarbanes-Oxley (Title VII)
Definition
enacted to restore investor confidence in financial markets following the exposure in 2001–2002 of widespread misconduct by directors and officers of publicly held companies. Title VIII of the Act contains protections for corporate whistleblowers.
Term
Dodd-Frank Acts
Definition
expands whistleblower protections to a wide range of financial services employees and provides expanded protections and incentives for whistleblowers.
Term
Nonprofit Corporation
Definition
organized for charitable or benevolent purposes
Term
Occupational Safety and Health Act
Definition
provides for the establishment of safety and health standards and the effective enforcement of these standards
Term
Immigration and Naturalization Act
Definition
the principal employer-related immigration laws.
Term
Dodd-Frank Acts
Definition
expands whistleblower protections to a wide range of financial services employees and provides expanded protections and incentives for whistleblowers.
Term
Nonprofit Corporation
Definition
organized for charitable or benevolent purposes
Term
Defined benefit plan
Definition
an employer commitment to make specified future payments to participants upon retirement.
Term
Worker’s Compensation laws
Definition
usually provides immediate medical benefits, prompt periodic wage replacement and a limited death benefit
Term
Americans with Disabilities Act (ADA)
Definition
extends employment protection for disabled persons beyond the federal level to state and local governmental agencies and to all private employers with 15 or more employees.
Term
Corporation
Definition
artificial being created by government grant, which for many purposes is treated as a natural person.
Term
Fair Labor Standards Act
Definition
regulates minimum wages, overtime hours, and child labor.
Term
Uniformed Services Employment and Re-Employment Act
Definition
to encourage noncareer service in the armed services, minimize the disruption experienced in the civilian careers of reservists, and promote prompt reemployment of reservists upon return from military leave.
Term
Piercing the Veil
Definition
limited liability and hold members personally liable for damages
Term
Model Business Corporation Act
Definition
to assist legislative bodies in the modernization of state corporation laws.
Term
Civil Rights Act
Definition
1964, as amended, forbids discrimination on the basis of race, color, religion, sex, or national origin.
Term
Limited Partnership
Definition
partnership that can be formed by “one or more general partners and one or more limited partners.”
Term
Franchisee
Definition
person to whom franchise is granted.
Term
Articles of Partnership
Definition
document prepared to evidence the contract of the parties. (Parties—partners or general partners)
Term
Uniform Partnership Act
Definition
“an association of two or more persons to carry on as owners a business for profit.” under this act is the tenancy in partnership: ownership relationship that exists between partners
Term
Employee Retirement Income Security Act (ERISA)
Definition
authorizes the Secretary of Labor and employees to bring court actions to compel the observance of statutory requirements.
Term
Federal Employer Liabilities Act
Definition
type of change by statute was to modify the defenses that an employer could assert when sued by an employee for damages
Term
Limited Liability Company (LLC)
Definition
which allows tax treatment as a partnership with limited liability for the owners.
Term
Family Medical Leave Act
Definition
twelve-week unpaid maternity, paternity, and adoption leaves are available based on eligibility.
Term
Employment-at-will doctrine
Definition
doctrine in which the employer has historically been allowed to terminate the employment contract at any time for any reason or for no reason. contributory negligence is a defense only in mitigation of damages; assumption of the risk is not a defense.
Term
National Labor Relations Act (NLRA)
Definition
employees have the right to form a union to obtain a collective bargaining contract or to refrain from organizational activities
Term
Unincorporated Association
Definition
a combination of two or more persons for the furtherance of a common purpose.
Term
Unemployment Compensation laws
Definition
benefits are paid to persons for a limited period of time if they are out of work through no fault of their own.
Term
Equal Opportunity Employment Commission (EEOC)
Definition
five-member body appointed by the president to establish equal employment opportunity policy under the laws it administers.
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