Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
12 Cards in this Set
- Front
- Back
|
Acceptance |
Occurs when the party that the offer was made to agrees to the terms of the contract; may not be made immediately; must somehow be communicated to the party offering the contract |
|
|
Americans with Disabilities Act of 1990 |
law making it unlawful to discriminate employees based on a disability |
|
|
Breach of Contract |
occurs when one party intentionally or unintentionally does not fulfill their contractual obligations |
|
|
Collective Bargaining |
occurs when employees and employers negotiate their salary and work requirements; usually involves the employees being represented by a union; governed by the National Labor Relations Act |
|
|
Common Law |
Judge-made law passed down over the years; governs everything except for the sale of goods |
|
|
Competent |
Able to execute the contract |
|
|
Consideration |
Legal term for the bargain occurring when one party gives something up and another party receives something in return |
|
|
Contract |
Legally enforceable document between two or more parties creating an obligation; usually regulated and enforced by the state in which it was made |
|
|
Counteroffer |
Occurs when the original offer of a contract is not accepted and a new offer is returned in the original offer's place; voids or nullifies the original offer; may be accepted, or modified by the party who made the original offer |
|
|
Employee Retirement Income Security Act |
law requiring employees and the Labor Department receive a detailed list of what each employee will receive when it is time to collect their pension; prevents fraud and allows the employees to see they are getting their fair share of money |
|
|
Employment Discrimination Law |
Laws aiming to prevent employment discrimination based on race, age, sex, religion or physical disability |
|
|
Equal Employment Opportunity Commission |
federal organization which oversees most employment discrimination law including the Equal Pay Act and the Americans with Disabilities |
