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19 Cards in this Set

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  • Back
ACTUAL MALICE
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.
AFORESAID
Previously said
ALTERNATEIVE DISPUTE RESOLUTION
Methods for resolving problems without going to court
AMEND
Change, modify
ANTITRUST ACTS
Federal and state statutes to protect trade and commerce from unlawful restraints, price discriminations, price fixing, and monopolies.
APPEAL
A request to a supervisory court usually composed of a panel of judges, to overturn the legal ruling of a lower court
ARBITRATION
A method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator
ARTICLES FO INCORPORATION
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.
ASSIGNMENT
The transfer of legal rights, such as the time left on a lease, from one person to another.
ASSUMPTION OF RISK
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.
AT-WILL EMPLOYMENT
An employment relationship where the employer has the right to fire a worker for any cause at any time, usually without any notice.
AUDIT PROVISION
Right to review the accounting books
BAD FAITH
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.
BANKRUPTCY
Insolvency, a process goverened by federal law to help when people cannot or will not pay their debts
BEYOND A REASONABLE DOUBT
The highest level of proof required to win a case. Necessary to get a guilty verdict in criminal cases.
BOARD OF DIRECTORS
The group of people elected by a corporation's shareholders to make major business decisions for the company
BREACH
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
BURDEN OF PROOF
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.
BY-LAWS
A corporations rules and regulations. They typically specify the number and respective duties of directors and officers and govern how the business is run.