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19 Cards in this Set
- Front
- Back
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ACTUAL MALICE
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To win a defamation suit, public officials or prominent people, such as political candidates or movie stars, must prove that the offender made a false statement with actual malice. This means the statement was made with knowledge that it was false or with serious doubts about whether it was true.
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AFORESAID
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Previously said
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ALTERNATEIVE DISPUTE RESOLUTION
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Methods for resolving problems without going to court
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AMEND
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Change, modify
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ANTITRUST ACTS
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Federal and state statutes to protect trade and commerce from unlawful restraints, price discriminations, price fixing, and monopolies.
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APPEAL
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A request to a supervisory court usually composed of a panel of judges, to overturn the legal ruling of a lower court
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ARBITRATION
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A method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator
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ARTICLES FO INCORPORATION
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A document that must be filed with a state in order to incorporate. Among the things it typically must include is the name and address of the corporation, it's general pupose and the number and type of shares of stock to be issued.
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ASSIGNMENT
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The transfer of legal rights, such as the time left on a lease, from one person to another.
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ASSUMPTION OF RISK
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A defense raised in personal injury lawsuits. Asserts that the plaintiff knew that a particular activity was dangerous and thus bears all responsibility for any injurty that resulted.
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AT-WILL EMPLOYMENT
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An employment relationship where the employer has the right to fire a worker for any cause at any time, usually without any notice.
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AUDIT PROVISION
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Right to review the accounting books
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BAD FAITH
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Dishonesty or fraud in a transaction, such as entering into an agreement with no intention of ever living up to it's terms or knowingly misrepresenting the quality of somehting that is being bought or sold.
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BANKRUPTCY
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Insolvency, a process goverened by federal law to help when people cannot or will not pay their debts
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BEYOND A REASONABLE DOUBT
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The highest level of proof required to win a case. Necessary to get a guilty verdict in criminal cases.
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BOARD OF DIRECTORS
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The group of people elected by a corporation's shareholders to make major business decisions for the company
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BREACH
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The breaking or violating of a law, right, or duty, either by commission or omission. The failure of one part to carry out any condition of a contract
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BURDEN OF PROOF
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The duty of a party in a lawsuit to persuade the judge or the jury that enough facts exist to prove the allegations of the case. Different levels of proof are required depending on the type of case.
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BY-LAWS
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A corporations rules and regulations. They typically specify the number and respective duties of directors and officers and govern how the business is run.
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