Key Terms #8 Flashcards
Apparent authority
Authority that is only apparent, not real. An agents apparent authority arises when the principal causes a third party to believe that the agent has authority, even though he or she does not.
Agency
A relationship between two parties in which one party (the agent) agrees to represent or act for the other (the principal).
Collective bargaining
The process by which labor and management negotiate the terms and conditions of employment, including working hours and workplace conditions.
Constructive discharge
A termination of employment brought about by making the employees working conditions so intolerable that the the employee reasonably feels compelled to leave.
Disclosed principal
A principal whose identity is known to a third party at the time the agent makes a contract with the third party
Employment discrimination
Treating employees or job applicants unequally on the basis of race, color, national origin, religion, gender age, or disability.
Employment at will
A common law doctrine under which either party may terminate an employment relationship at anytime for any reason, unless a contract specifies otherwise.
Equal dignity rule
A rule requiring that an agents authority be in writing if the contract to be made on behalf of the principal must be in writing
Fiduciary
As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.
Independent contractor
One who works for and receives payment from, an employer but whose working conditions and methods are not controlled by the employer. An independent contractor is not an employee but possibly an agent.
Partially disclosed principal
A principal whose identity is unknown by a third party, but the third party knows that the agent is or may be acting for a principal at the time the agent and the third party form a contract
Power of attorney
Authorization for another to act as ones agent or attorney in either specified circumstances (special) or in all situations (general)
Protected class
A group of persons protected by a specific laws because of the groups defining characteristics, including race, color, religion,national origin, gender age, and disability.
Ratification
A party’s act of accepting or giving legal force to a contract or other obligation entered into by another that previously was not enforceable
Right to work law
A state law providing that employees
May not be required to join a union as a condition of retaining employment