Unit 1 definitions Flashcards
interest group
an organisation that represents a particular group of people who have similar needs or objectives
- may oppose or support the activities of a business, In order to get what they want
-they pressurise the government and businesses to change their practises
eg ICTU fights for the rights of irish workers
contract
a legally binding agreement between two or more parties.
elements of a contract
- offer
- acceptance
3, consideration - intention to contract
- capacity to contract
- consent to contract
- legality of form
- legality of purpose
invitation to treat
indicator of the price that a seller is willing to consider and possibly accept if offered
seller is free to reject any offers made
eg price tag
diplomatic immunity in contract law
A diplomat cannot enter into a contract as they cannot be taken to court or sued
They cannot enter a contract as this is a remedy to a breached contract
legality of purpose
contracts that involve illegal actions are not considered valid.
condition
A condition is an essential element which goes to the heart of the contract. Breach of condition is effectively breaking the contract.
warranty
A warranty is a less important part of the agreement. A breach of warranty will often not break the contract. Breach of warranty generally results in a fine.
remedies to a breach of contract
specific performance
sue for damages
rescind the contract
reasons employees may ask for a wage increase
- productivity increase
- cost of living increase
- comparability increase
- relativity increase
shop steward
A shop steward is a worker and trade union member that has been elected by co-workers as their representative in the workplace
all out strike
This is where every single employee in the business goes on strike. For an all-out strike to be legal the workers must get the approval of the Irish Congress of Trade Unions.
token stoppage
Workers temporarily stop work for a short period of time. This is an attempt to get the employer to listen to the workers and solve industrial disputes.
legitimate trade disputes
dismissal/suspension
trade union recognition
discrimination
pay and working conditions
illegal trade disputes
disagreement on how the business should be run
dispute of political nature
attempt to enforce a closed shop agreement