Introduction to Law | Insurance, Property & Intellectual Property | Torts & Risk Management | Contracts, Agency, & Business Law | Employment Law & Ethics |
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What are the three branches of government?
The executive, legislative and judicial.
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What is real property?
Includes the land and everything permanently attached to it.
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What is a battery?
The intentional tort that permits the defense of self-defense.
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What is consideration?
The element of a contract that requires the agreement must contain a two-way street with both parties providing something of value.
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What is the Family and Medical Leave Act (FMLA)?
The statute that allows an eligible person to take up to 12 weeks of unpaid leave for illness.
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Who is a plaintiff?
The person who files a lawsuit.
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What is liability insurance?
The type of insurance that reimburses for any liability caused by accidental harm.
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What is an assault?
The intentional tort when a person creates a reasonable fear or apprehension of committing a battery.
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What is an agency relationship?
The type of relationship that exists between a principal and an agent.
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What is disparate treatment?
When the plaintiff can show that they were treated differently due to their sex, race, color, religion or national origin.
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What is the law?
A system of rules that regulates the actions of its members that may be enforced with penalties.
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What is a gift?
A voluntary transfer of property from one person to another without any consideration.
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What is negligence?
Requires the elements of duty, breach of duty, causation and damages.
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What is a term agreement?
When an agency relationship ends at a specifically agreed upon date.
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What is an employee at will?
An employee without an explicit employment contract.
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What is criminal law?
Behavior that is so threatening that society outlaws it altogether in order to protect society and punish the wrongdoers.
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What is a trademark?
Requires the elements of a word, phrase, symbol or design to distinguish the source of goods.
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What is risk management?
The techniques used to minimize and prevent accidental loss to a business.
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What is a bilateral contract?
An agreement based on one promise in exchange for another.
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What is a bona fide occupational qualification (BFOQ)?
When an employer is permitted to establish discriminatory job requirements if they are essential to the position in question.
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What is civil law?
Regulates the rights and duties between parties; to allow an individual remedy for a wrongdoing.
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What is a copyright?
Requires the elements of original, authorship / ownership, fixed expression and creative.
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What is the reasonable person standard?
A measurement of the way members of society expect an individual to act in a given situation.
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What is a sole proprietorship?
The type of business that has personal liability for its owners but is not a separate taxable entity for the owner and does not require formal registration with the state.
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What is corporate social responsibility?
When a business has an obligation to contribute positively to the world around it.
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