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Legal and Ethics
Contract Laws
Word | Defintion/Notes |
---|---|
contract | agreement between two or more parties |
three parts of a contract | offer, acceptance, consideration |
implied | understood without being verbally expressed |
expressed | stated in clear terms either orally or written |
ex of legal disablities | minor, mentally incompetent, unconscious ppl, under influence of drugs that alter mental state |
principle | employer |
agent | employee |
principles responsibility | actions of agent; can be required to compensate injuries by actions of agent |
breach of contract | leads to legal action |