Business Law

Study legal issues related to business and commerce.

Sample Cards

Business Law

The body of law that governs the rights, relations, and conduct of businesses.

Corporation

A legal entity formed to conduct business, owned by shareholders and managed by a board of direct...

Contract

The agreement between two or more parties to create a legal obligation.

Sole Proprietorship

A business structure where the owners are personally liable for the debts of the business.

Franchise

A legal relationship where one party grants another the right to operate a business under its bra...

Limited Liability

A type of liability where a company's financial responsibility is limited to the value of the bus...

Employment Law

Laws which regulate the relationship between employers and employees.

Intellectual Property Law

The body of law that provides protection for the rights to inventions, designs, and artistic works.

Business Law Flashcards

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Business Law

The body of law that governs the rights, relations, and conduct of businesses.

The body of law that governs the rights, relations, and conduct of businesses.

Business Law

Corporation

A legal entity formed to conduct business, owned by shareholders and managed by a board of directors.

A legal entity formed to conduct business, owned by shareholders and managed by a board of directors.

Corporation

Contract

The agreement between two or more parties to create a legal obligation.

The agreement between two or more parties to create a legal obligation.

Contract

Sole Proprietorship

A business structure where the owners are personally liable for the debts of the business.

A business structure where the owners are personally liable for the debts of the business.

Sole Proprietorship

Franchise

A legal relationship where one party grants another the right to operate a business under its brand and system.

A legal relationship where one party grants another the right to operate a business under its brand and system.

Franchise

Limited Liability

A type of liability where a company's financial responsibility is limited to the value of the business.

A type of liability where a company's financial responsibility is limited to the value of the business.

Limited Liability

Employment Law

Laws which regulate the relationship between employers and employees.

Laws which regulate the relationship between employers and employees.

Employment Law

Intellectual Property Law

The body of law that provides protection for the rights to inventions, designs, and artistic works.

The body of law that provides protection for the rights to inventions, designs, and artistic works.

Intellectual Property Law

Partnership

A legal form of business operation between two or more individuals who share management and profits.

A legal form of business operation between two or more individuals who share management and profits.

Partnership

Corporate Governance

The system by which companies are controlled and directed.

The system by which companies are controlled and directed.

Corporate Governance

Antitrust Laws

Laws designed to prevent monopolies and promote competition.

Laws designed to prevent monopolies and promote competition.

Antitrust Laws

Mergers and Acquisitions

The business process of consolidating companies or assets.

The business process of consolidating companies or assets.

Mergers and Acquisitions

Securities Law

Laws relating to the regulation of securities markets and participants.

Laws relating to the regulation of securities markets and participants.

Securities Law

Bankruptcy

A legal process for dealing with debt problems of individuals and businesses.

A legal process for dealing with debt problems of individuals and businesses.

Bankruptcy

Agency Law

A body of law concerning the rights and duties between principals and agents.

A body of law concerning the rights and duties between principals and agents.

Agency Law

Business Licensing and Permits

Legal authorization that allows a person or company to conduct business within a geographical jurisdiction.

Legal authorization that allows a person or company to conduct business within a geographical jurisdiction.

Business Licensing and Permits

Consumer Protection Laws

Laws designed to protect consumers against unfair trade and credit practices.

Laws designed to protect consumers against unfair trade and credit practices.

Consumer Protection Laws

Business Ethics and Corporate Responsibility

An aspect of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment.

An aspect of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment.

Business Ethics and Corporate Responsibility

Employment Contracts and Non-Compete Agreements

Legal agreements that outline the terms of employment and agreements not to compete within certain parameters after employment ends.

Legal agreements that outline the terms of employment and agreements not to compete within certain parameters after employment ends.

Employment Contracts and Non-Compete Agreements

Tax Law

Laws which dictate the constitutional authority which the state has to tax individuals or entities on various bases.

Laws which dictate the constitutional authority which the state has to tax individuals or entities on various bases.

Tax Law

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