Final deck 3 Flashcards
Undisclosed principal
principal person whose existence is unknown to the third party with whom the agent deals
Disclosed principal
principal person whose existence is known to the third party with whom the agent deals
partially disclosed principal
third party has notice that the agent is or may be acting for a principal, but has no notice of the principal’s identity.
Ratification
the action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.
Wrongful discharge
an employer fired its employee illegally.
Employment at will
employment agreement stating that employment is for an indefinite period of time and may be terminated either by employer or employee.
Minimum wage
smallest amount an institution can pay a person
Minimum wage
smallest amount an institution can pay a person
Whistleblowing
reveals information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe or fraudulent
does the law assume that the principal is aware of information acquired by the agent?
Generally, the law assumes that the principal is aware of any information acquired by the agent that is relevant to the agency.
When a state requires a minimum wage that is higher than the federal minimum wage, does a company have to pay the higher wage?
yes
common law exceptions to employment at will contracts
public policy, implied contract, and implied covenant of good faith
Do both employees and employers make tax contributions?
yes
Do both employees and employers make tax contributions?
yes
Do both employees and employers make tax contributions?
