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Business chpt. 8-13
| Question | Answer |
|---|---|
| White Collar Crime | financially-motivated nonviolent crime committed for illegal monetary gain |
| Criminal penalties | monitor,shame, criminal sentencing |
| Tort | a civil wrong-a committing a tort is an unethical decision by an individual. |
| defamation | slander refers to a malicious, false statement or report on an individual or company |
| interference | third party interferes |
| strict liability | makes a person legally responsible for the damage and loss caused by his or her acts and omissions regardless of culpability |
| express warranty | An agreement between the contract seller (dealer, manufacturer or independent company) and the buyer of a product to provide repair or replacement for covered components of the product for some specified time period. |
| nuisance | civil wrong of creating a situation that interferes with others' ability to enjoy the use of their properties |
| 2 categories determining areas for business growth | Non attainment areas and prevention of significant deterioratio(PSD) |
| Comprehensive environmental response, compensation and liability act (CERCLA) | authrozed funds for the cleanup of areas that were once disposal sites for hazardous wastes; |
| types of pollution | conventional, non conventional, and toxic |
| contract | promise between two parties |
| sources of contracts | UCC, common law, e commerce |
| uniform commercial code (UCC) | governs sales of contracts for goods, commercial paper, and security transfers |
| common law | governs contracts that have land or services as their subject matter. |
| E-Commerce | commercial transactions electronically |
| article 2A | Leases |
| article 2 | sales of good & services |
| Elements of Tort negligence | The duty, breach of duty, causation, proximate cause, and damages. |
| express contract | contract that is written or orally agreed to |
| implied contract | contract that arises from parties' voluntary conduct |
| bilateral contract | contract of two promises; one from each party |
| unilateral contract | contract made up of a promise for performance |
| written on contract | real estate, inheritance, obligated to pay debt, 3rd party obligated to pay debt |
| reasons for a voidable contract | a mistake, misrepresentation or fraud; undue influence or duress; one party's legal incapacity to enter a contract |
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