Полезное:
Как сделать разговор полезным и приятным
Как сделать объемную звезду своими руками
Как сделать то, что делать не хочется?
Как сделать погремушку
Как сделать так чтобы женщины сами знакомились с вами
Как сделать идею коммерческой
Как сделать хорошую растяжку ног?
Как сделать наш разум здоровым?
Как сделать, чтобы люди обманывали меньше
Вопрос 4. Как сделать так, чтобы вас уважали и ценили?
Как сделать лучше себе и другим людям
Как сделать свидание интересным?
Категории:
АрхитектураАстрономияБиологияГеографияГеологияИнформатикаИскусствоИсторияКулинарияКультураМаркетингМатематикаМедицинаМенеджментОхрана трудаПравоПроизводствоПсихологияРелигияСоциологияСпортТехникаФизикаФилософияХимияЭкологияЭкономикаЭлектроника
Bankruptcy
The legal procedure by which a person or business that is unable to meet financial obligations is relieved of debt by having the court divide the assets among the creditors is called bankruptcy. Some firms emerge from bankruptcy as leaner, healthier companies.
@ Key Terms
| agency | intentional tort | private law | strict liability |
| bankruptcy | lease | product-liability law | title |
| breach of contract | negligence | property | tort |
| deed | personal property | public law | warranty |
| intellectual property | power of attorney | real property |
Review Questions
1. What is the difference between private law and public law?
2. What is the difference between negligence and intentional torts?
3. Define the concept of strict product liability.
4. Why is agency important in business?
5. What is bankruptcy?
CDTrue-False Questions
| TRUE FALSE | Title is transferred as soon as the buyer accepts the goods. | |
| TRUE FALSE | As a principal, your responsibility for the actions of your agent is limited if the agent does something illegal. | |
| TRUE FALSE | A contract is an exchange of promises enforceable by law. |
4 Key Terms Exercise
Match the words with their definitions
| 1. | agency | a) | written authorisation for one party to act as an agent on behalf of another party |
| 2. | breach of contract | b) | wilful injury for which an injured person is entitled to compensation |
| 3. | contract | c) | rights held regarding any tangible or intangible object |
| 4. | intentional tort | d) | non-criminal act that results in injury to person or property |
| 5. | lease | e) | legal ownership of property |
| 6. | negligence | f) | legal agreement between the owner of equipment or an asset and the individual or business for using the equipment or asset |
| 7. | power of attorney | g) | law that holds a manufacturer liable for injuries caused by a defective product |
| 8. | private law | h) | law that concerns itself with the relationship between the government and individual citizens |
| 9. | product-liability law | i) | law that concerns itself with relationship between individuals, between an individual and a business or between two businesses |
| 10. | property | j) | guarantee or promise of manufacturer |
| 11. | public law | k) | failure to observe a reasonable standard of care in a specific situation |
| 12. | strict liability | l) | failure to live up to the terms of a contract, with no legal excuse |
| 13. | title | m) | exchange of promises enforceable by law |
| 14. | tort | n) | concept of liability even in cases where the defendant has used reasonable care |
| 15. | warranty | o) | business relationship that exists when one party authorises another party to act on his/her behalf |
Multiple Choice Question
If your roommate pours a soft drink on your stereo because "you were playing it too loud" and then tells your best friend the spill was done on purpose, a _____ has been committed.
a. public law violation b. intentional tort c. tort d. white-collar crime
J It's Interesting to Know
Date: 2016-01-20; view: 309; Нарушение авторских прав; Помощь в написании работы --> СЮДА... |