Business Law Flashcards
BBB
- non profit
- works with consumers and companies
CPSC
- ensures products r safe for consumers
FDA
Protects public health
SEC
-enforcing security laws
FTC
Consumer protection
Consumer Bill or Rights
- Rights to safe products
- right to be informed
- right to choose
- right to be heard
- right to consumer education
- right to a healthy environment
Implied warranty
-should do the most basic thing
Buying as-is
- buy literally how the product is
- nothing u can do about if ‘bad”
Fencing
Knowingly receiving stolen property
Forgery
- falsely altering writing
- legal if u have the persons permission ☺️
Conspiracy
- 2 or more people agreeing to commit w crime
Crime
Offense against society
3 elements of a crime
- duty exits
- violation of duty
- criminal intent
If ur under 7 do u have the legal mental capacity to commit a crime??
Noppeeeeee
If ur between the ages of 7-17 do u have the legal mental capacity to commit a crime??
Only if the interrogator believes u know right from wrong
3 classifications of a crime
- Felony
- misdemeanor
- infraction
Felony
Be in a
- state prison
- fine over $1,000
Misdemeanor
- county prison
- less then a $1,000 fine
Infraction
Only fined
Assault
Believable threats
Battery
Touching someone in a dangerous way
Aggravated [battery]
Done with a weapon
Theft
Taking of an item that isn’t yours
Robbery
Taking with force involved
Burglary
Breaks and tries to steal (but doesn’t)
Arson
Illegal burning
Extortion
Person with power demanding something
Accomplice
Someone who helps the person commiting the crime
Silence is _______ an acceptance to a deal (legally)
Not
What must there be to have a tort??
-personal injury
•mental
• financial
• physical
When r kids held responsible for their actions??
- give kids an instrument (to commit the crime)
- vandalism
- kids who continue with dangerous acts
Slander
Spoken
Libel
Written
What can u be charged with if there is unnecessary publicly Or personal matters being exploited??
Compensatory damages
Most common tort??
Negligence
- no intent needed
- causes injury
Contract
- 2 or more people make an agreement
2 types of contracts
- express -> written/oral
- implied -> contract formed by actions
2 parts of a mutual asset
- be in agreement
- both fully understanding of agreements
3 qualifications of a competent party
- age 18
- not insane or under the influence
- not a convict or illegal citizen
Voidable contract
Can be cancelled by 1 party
Example of an unenforceable contract
- dead person
Ex of a defective agreement
-misinterpretation
Oral is legal only if it’s
Under $500
EPA
Protect human health and environment
Injunction
Stops
Compensatory damages
$ to bring back prior to incident
Punitive damages
Punishing the defendant
