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11 Cards in this Set

  • Front
  • Back

Acceptance

occurs when the party to which the offer was made agrees to the terms of the contract.

American with Diplomatic Act of 1990

Law making it to discriminate employees based on a disability.

Breach of Contract

Occurs when one party intentionally or unintentionally does not fulfill their contract obligations.



Collective Bargaining

Occurs when employers and employees negotiate their salary and work requirements.

Common Law

judge-made law passed down over the years; governs every except for goods and sales.

Completent

Able to execute the contract

Consideration

legal term of bargain when one party gives something up and another party receives something ion return

Contract

legally enforceable document between two or more parties creating an obligation.

Counteroffer

Occurs when the original offer of a contract is not accepted and new

Employee Retirement Income Security Act

law requiring and the labor department receive a detailed list of what each employee will receive when it is to collect their pension.

Employement Discrimination Law

law aiming to prevent employment discrimination based race, sex, age, religion