Business Law (Speedy Study Guide)Business law is the collection of laws and regulations that advises one as to the manner in which a business can properly operate. The laws pertaining to business can be enacted by the courts as well as a legislative body. A chart would be helpful as there are as many areas of business law as there are businesses. Such a chart would help guide one to the particular area of law which governs the particular business one is operating. |
Common terms and phrases
action Appropriating Articles of Incorporation assets assume Bankruptcy binding Board of Directors body Business Ethics Business Law Bylaws Chapter circumstances Code commercial lease Commission commit Common Law company’s Competing competition conduct conflict of interest consumer protection laws contract that arises copyrights corporation corporation’s creditors custom deal debts decisions Employment enforce ensure Entity establishes example exists Express fair faith Fiduciary Duty give gross negligence harm idea illegal Implied contract improper income insider intellectual property intent knowingly laws that govern legally Liability Liquidation Loyalty Managing mental misconduct monopolies obligation offer Office Operating Opportunity organization owed owners parties partners Partnership Agreement Patent and Trademark patents protect performance Plant portfolio practices profit prohibit promise regarding remedy reproduce residential leases responsible rules and regulations Securities sell Shareholders standard form supervised Taxation taxed terminate trust Types Uniform