a contract between seller and distributor of the sellers products setting out

A contract between seller and distributor of the

This preview shows page 2 - 4 out of 6 pages.

: a contract between seller and distributor of the seller’s products setting out the terms and conditions of the distributorship
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DOUBLE JEOPARDY: the fifth amendment requirement that prohibits a person from being tried twice for the same criminal offense DRAM SHOP ACT: a state statute that imposes liability on the owners of bars and persons who serve alcoholic drinks for injuries DUMPING : the sale of goods in a foreign country at a price below the price charged for the same goods in the domestic market DURESS: unlawful pressure brought to bear on a person, causing the person to perform an act that he or she would not otherwise perform DUTY OF CARE: the duty of all persons, as established by tort law, to exercise a reasonable amount of care in their dealings with others. Failure to exercise due care, which is normally determined by the reasonable person standard, constitutes the tort of negligence EMBEZZLEMENT: the fraudulent appropriation of funds or other property by a person who was entrusted with the funds or property ENABLING LEGISLATION: a statute enacted by Congress that authorizes the creation of an administrative agency and specifies the name, composition, and the powers of the agency being created ENTRAPMENT: a defense in which a defendant claims that he or she was induced by a public official to commit a crime that he or she would otherwise not have committed EXCLUSIONARY RULE: a rule that prevents evidence that is obtained illegally or without a proper search warrant, and any evidence, from being admissible in court EXPORT : the sale of goods and services by domestic firms to buyers located in other countries EXPROPRIATION : a government’s seizure of a privately-owned business or personal property for a proper public purpose and with just compensation FELONY: a crime – such as arson, murder, rape or robbery, that carries the most severe sanctions, ranging from more than one year in a state or federal prison to the death penalty FINAL ORDER: the final decision of an administrative agency on the issue FORCE MAJEURE CLAUSE : a provision in a contract stipulating that certain unforeseen events – such as war, political upheavals, or acts of God – will excuse a party from liability for nonperformance of contractual obligations FOREIGN EXCHANGE MARKET : a worldwide system in which foreign currencies are bought and sold FORGERY: the fraudulent making or altering of any writing in a way that changes the legal rights and liabilities of another FORUM-SELECTION MARKET : a provision in a contract designating the court, jurisdiction, or tribunal that will decide any disputes arising under the contract FRAUDULENT MISREPRESENTATION: any misrepresentation, either misstatement or by omission of a material fact, knowingly made with the intention of deceiving another and on which a reasonable person would or does rely to his or her detriment GOOD SAMARITAN STATUTE: a statute stipulating that persons who provide emergency
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