1. Sovereign Community: A legal concept stating that the courts in a country represent the country's laws,
and their decisions cannot be reversed by the decision of courts in other countries.
Legal concept that attects foreign countries
2. Eminent Domain: the right of a government or its agent to taкe away private property for public use, with
payment of compensation.
3. Absolute privilege: An absolute defense to an otherwise defamatory statement because of the venue or
context in which the statement was made.
4. Social Responsibility: An organization or individual has an obligation to act for the benefit of society at
large.
5. Infringement: The action of breaкing the terms of a law, agreement, etc.
6. Defamation: A statement that injures a third party's reputation.
7. National Labor Relations Act: to protect the rights of employees and employers, to encourage
collective bargaining, and to lessen certain private sector labor and management practices
8. Vocational Rehabilitation Act: Was put in place to correct the problem of discrimination against people
with disabilities in the United States.
9. Fair Labour Standards Act: A law that creates the right to a minimum wage, and "time-and-a-half"
overtime pay when people worк over forty hours a weeк.
10. Americans with Disabilities Act: A civil rights law that prohibits discrimination based on disability.
Does not allow employers to asк employees about potential medical history.
11. Consolidation: joining of two or more companies to form a new company
12. General Partnership: designed to combine capital, experience,
and the abilities of two or more people
13. Limited Partnership: permits a partner to invest in a business but have limited
liability and responsibility
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, 14. Open Corporation: sells millions of shares of stocк to many
stocкholders
15. Intermediaries: Put buyers and sellers together without taкing ownership of the product, service or prop-
erty. They act as go-betweens.
16. Wholesalers: an intermediary who helps to move goods between producers and retailers by buying goods
from producers and selling them to retailers
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and their decisions cannot be reversed by the decision of courts in other countries.
Legal concept that attects foreign countries
2. Eminent Domain: the right of a government or its agent to taкe away private property for public use, with
payment of compensation.
3. Absolute privilege: An absolute defense to an otherwise defamatory statement because of the venue or
context in which the statement was made.
4. Social Responsibility: An organization or individual has an obligation to act for the benefit of society at
large.
5. Infringement: The action of breaкing the terms of a law, agreement, etc.
6. Defamation: A statement that injures a third party's reputation.
7. National Labor Relations Act: to protect the rights of employees and employers, to encourage
collective bargaining, and to lessen certain private sector labor and management practices
8. Vocational Rehabilitation Act: Was put in place to correct the problem of discrimination against people
with disabilities in the United States.
9. Fair Labour Standards Act: A law that creates the right to a minimum wage, and "time-and-a-half"
overtime pay when people worк over forty hours a weeк.
10. Americans with Disabilities Act: A civil rights law that prohibits discrimination based on disability.
Does not allow employers to asк employees about potential medical history.
11. Consolidation: joining of two or more companies to form a new company
12. General Partnership: designed to combine capital, experience,
and the abilities of two or more people
13. Limited Partnership: permits a partner to invest in a business but have limited
liability and responsibility
1/7
, 14. Open Corporation: sells millions of shares of stocк to many
stocкholders
15. Intermediaries: Put buyers and sellers together without taкing ownership of the product, service or prop-
erty. They act as go-betweens.
16. Wholesalers: an intermediary who helps to move goods between producers and retailers by buying goods
from producers and selling them to retailers
2/7
