Exam2 Stdy Gde (chs6,7,9-15) (Mar10)

Exam2 Stdy Gde (chs6,7,9-15) (Mar10) - Legal Environment of...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Legal Environment of Business I (MGT 218) Terms and Concepts Chapters 6-7,9-15 3/12/10 1 of 21 Term/ Concept Chapter 6 felony 6 misdemeanor 6 violation 6 indictment 6 nolo contendere 6 burglary 6 forgery 6 bribery 6 extortion 6 embezzlement 6 receiving stolen property 6 money laundering 6 racketeering 6 attorney-client privilege and other privileges 6 7 misappropriation of trade secrets 7 theft of trade secrets 7 collective mark 7 patent infringement 7 patent protection: what can be protected; how long 7 copyright infringement: what does it entail; "fair use" exceptions 7 7 trade dress 7 trademark infringement 7 trademark protection: what can be protected; how long 7 bilateral contract 9 unilateral contract 9 express contract 9 implied-in-fact contract 9 ambiguities interpreted against party who drafted contract 8 requirements of the offer 10 serious, objective intention 10 effect of obvious anger, jest, or undue excitement 10 terms reasonably certain, or definite 10 offer must be communicated to the offeree 10 rejection as termination of an offer 10 counteroffer 10 reward 10 mirror image rule 10 authorized means of communication for acceptance 10 acceptable means of communication for acceptance 10 consideration as "something of legally sufficient value" 10 refraining from doing something = consideration 10 legal sufficiency of consideration vs. adequacy of consideration 10 disaffirmance of a contract by a minor 11 intoxicated persons 11 legality: usury, gambling, blue laws 11 trade secrets: protection for ideas or information that is not patented, trademarked or copyrighted, either because it cannot be or the choice is made to opt out of those protections. copyright protection: what can be protected; for how long; registration not necessary to get protection Legal Environment of Business I (MGT 218) Terms and Concepts Chapters 6-7,9-15 3/12/10 2 of 21 Term/ Concept Chapter 11 covenant not to compete; enforceability 11 mutual (or bilateral) mistake; rescission 12 fraud: innocent party may disaffirm/ cancel/ rescind or enforce 12 sales puffery/ opinion vs. misrepresentation of fact 12 undue influence 12 duress 12 statute of frauds 12 writing: what constitutes 12 writing: what must be contained 12 party against whom enforcement is sought must have signed 12 interpreting contract words and terms: ambiguity 12 parol evidence rule 12 parol evidence rule: exceptions 12 assignment of rights 13 delegation of duties 13 intended third-party beneficiary 13 intentional beneficiary 13 condition precedent 13 condition subsequent 13 concurrent condition 13 implied condition 13 complete (strict) performance 14 substantial performance 14 material breach of contract 14 mitigation of damages 14 compensatory damages 14 consequential damages 14 nominal damages 14 liquidated damages clause 14 penalty 14 specific performance 14 licensing; transfer of right to use only 15 click-wrap/ click-on agreement 15 shrink wrap agreement 15 Short Essay/ Short Answer/Fill-in-the-Blank Questions...
View Full Document

Page1 / 21

Exam2 Stdy Gde (chs6,7,9-15) (Mar10) - Legal Environment of...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online