_Business
_Business
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@@@
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~_Business law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@
Business law final
-Types: profit, non-profit, foreign, public, private
-officers and directors: manage and govern
-Shareholders: own shares, vote on major decisions
-stock: common vs preferred - ✔✔Corporate structure
1. Contract: buy/sell
2. Gift: intent, delivery, acceptance
3. Intellectual labor: creating new property
4. inheritance: through wills
5. Accession: adding to the value of property
6. Finding: lost or mislaid property - ✔✔Ways to Acquire Property
1. Protected victims: courts can protect certain parties
2. Excusable ignorant: unaware of illegality
3. Rescission prior to illegal act: can get restitution
4. Divisible contracts: enforced legal parts only - ✔✔Enforcement of illegal agreements
%
A brand that has exclusive legal protection for both its brand name and its design - ✔✔Trademark
A business owned by one person - ✔✔Sole Proprietorship
A common law doctrine under which either party may terminate an employment relationship at any
time for any reason, unless a contract specifies otherwise. - ✔✔employment at will
A contract that has been carried out - ✔✔Executed
A contract that has not been fully performed - ✔✔Executory
A corporation whose shares of stock are available to the investing public at large through various
financial markets - ✔✔publicly held company
A denial of responsibility or knowledge - ✔✔disclaimer
A document that transfers property ownership. Can be an exception to the SOF if there is partial or
full payment made, if the land is occupied, and if there have been substantial improvements to the
land - ✔✔deed
@@_Business
_Business
law final
law final
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@_Business law fina
,_Business
_Business
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@@@
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~_Business law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@
A federal or state statute setting the maximum time period during which a certain action can be
brought or certain rights enforced. - ✔✔Statute of Limitations
a fiduciary duty owed by an employee not to act adversely to the interests of the employer - ✔✔Duty
of Loyalty
A form of business ownership in which the business is owned by two or more persons -
✔✔Partnership
A form of co-ownership where everyone has equal shares and there is the right of survivorship -
✔✔Joint Tenancy
A form of personal property. It is intangible property created by intellect and included copyrights,
service marks, trademarks, patents, and trade secrets - ✔✔intellectual property
A formula, device, idea, process, or other information used in a business that gives the owner a
competitive advantage in the marketplace. - ✔✔trade secret
A legal agreement drafted by one party and not the other. "Take it or leave it". Dominant vs
non-dominant party - ✔✔Contracts of adhesion
%
a legal doctrine that requires employers to have a job-related reason to terminate employees -
✔✔wrongful discharge
a person or organization that employs people. Has duties such as: reasonable treatment; FLSA;
Payroll deductions; safe conditions; no military discrimination; FMLA; minors - ✔✔employer
A person who invests in a corporation by buying stock and is a partial owner - ✔✔shareholder
A state where a person does not fully know what they are doing, and can mean they don't have
capacity to contract - ✔✔Intoxication
A unique word, mark or symbol that identifies a service as opposed to to a product - ✔✔service mark
a worker who is hired to perform a job. Has obligations such as: fulfillment of k; obedience reasonable
skill; loyalty and honesty(best interest); reasonable performance - ✔✔employee
Agreements like dowry for marriage. Marrying for green card - ✔✔Affecting marriage
negatively(illegal agreements)
@@_Business
_Business
law final
law final
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@_Business law fina
_Business
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@@@
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~_Business law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@
Business law final
-Types: profit, non-profit, foreign, public, private
-officers and directors: manage and govern
-Shareholders: own shares, vote on major decisions
-stock: common vs preferred - ✔✔Corporate structure
1. Contract: buy/sell
2. Gift: intent, delivery, acceptance
3. Intellectual labor: creating new property
4. inheritance: through wills
5. Accession: adding to the value of property
6. Finding: lost or mislaid property - ✔✔Ways to Acquire Property
1. Protected victims: courts can protect certain parties
2. Excusable ignorant: unaware of illegality
3. Rescission prior to illegal act: can get restitution
4. Divisible contracts: enforced legal parts only - ✔✔Enforcement of illegal agreements
%
A brand that has exclusive legal protection for both its brand name and its design - ✔✔Trademark
A business owned by one person - ✔✔Sole Proprietorship
A common law doctrine under which either party may terminate an employment relationship at any
time for any reason, unless a contract specifies otherwise. - ✔✔employment at will
A contract that has been carried out - ✔✔Executed
A contract that has not been fully performed - ✔✔Executory
A corporation whose shares of stock are available to the investing public at large through various
financial markets - ✔✔publicly held company
A denial of responsibility or knowledge - ✔✔disclaimer
A document that transfers property ownership. Can be an exception to the SOF if there is partial or
full payment made, if the land is occupied, and if there have been substantial improvements to the
land - ✔✔deed
@@_Business
_Business
law final
law final
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@_Business law fina
,_Business
_Business
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@@@
law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~_Business law final (1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@
A federal or state statute setting the maximum time period during which a certain action can be
brought or certain rights enforced. - ✔✔Statute of Limitations
a fiduciary duty owed by an employee not to act adversely to the interests of the employer - ✔✔Duty
of Loyalty
A form of business ownership in which the business is owned by two or more persons -
✔✔Partnership
A form of co-ownership where everyone has equal shares and there is the right of survivorship -
✔✔Joint Tenancy
A form of personal property. It is intangible property created by intellect and included copyrights,
service marks, trademarks, patents, and trade secrets - ✔✔intellectual property
A formula, device, idea, process, or other information used in a business that gives the owner a
competitive advantage in the marketplace. - ✔✔trade secret
A legal agreement drafted by one party and not the other. "Take it or leave it". Dominant vs
non-dominant party - ✔✔Contracts of adhesion
%
a legal doctrine that requires employers to have a job-related reason to terminate employees -
✔✔wrongful discharge
a person or organization that employs people. Has duties such as: reasonable treatment; FLSA;
Payroll deductions; safe conditions; no military discrimination; FMLA; minors - ✔✔employer
A person who invests in a corporation by buying stock and is a partial owner - ✔✔shareholder
A state where a person does not fully know what they are doing, and can mean they don't have
capacity to contract - ✔✔Intoxication
A unique word, mark or symbol that identifies a service as opposed to to a product - ✔✔service mark
a worker who is hired to perform a job. Has obligations such as: fulfillment of k; obedience reasonable
skill; loyalty and honesty(best interest); reasonable performance - ✔✔employee
Agreements like dowry for marriage. Marrying for green card - ✔✔Affecting marriage
negatively(illegal agreements)
@@_Business
_Business
law final
law final
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@@@@@
(1).pdf~~~!!!!!!!!!!!!!!!!!!!!!!!!!!@#!#@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!@@@@@@@@@@@@@@@@_Business law fina
