MGMT 100 Study Guide - Final Guide: Web Browser, Product Liability, Commercial Paper
Document Summary
Chapter 20 administrative agencies bankruptcy breach of contract business law. Federal or provincial institutions and other government organizations created by. Parliament or provincial legislatures with delegated power to pass rules and regulations within their mandated area of authority. When one party fails to follow the terms of a contract. Rules, statutes, codes, and regulations that are established to provide a legal framework within which business must be conducted and that are enforceable by court action. civil law. Legal proceedings that do not involve criminal acts. common law. The body of law that comes from decisions handed down by judges; also referred to as unwritten law. consideration. Something of value; consideration is one of the requirements of a legal contract. consumerism. A social movement that seeks to increase and strengthen the rights and powers of buyers in relation to sellers. contract. A legally enforceable agreement between two or more parties. contract law.
