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About this document
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- 8 pages
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- $8 one-time, yours to keep
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- Subject
- Business, Law
This document contains multiple choice questions on business law. It covers topics such as nuisance, Title VII, corporate criminal liability, shareholder derivative actions, and more. It is useful for students preparing for exams or assignments in business law.
What's inside
- Nuisance and property law
- Title VII and discrimination
- Corporate criminal liability
- Shareholder derivative actions
- Securities Act and due diligence
- Contract law and assumption of risk
Who it is for: Students studying business law, preparing for exams or assignments. (Undergraduate)
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Summary
Business law is the study of how laws apply to business. This document contains multiple choice questions on business law, covering topics like torts, contracts, corporations, and employment law.
Torts and nuisance
Torts are civil wrongs. Nuisance is one type of tort. A person can sue for nuisance if their use or enjoyment of their land is interfered with. The law of torts is about when someone can be sued for harming another person or their property.
Employment law
Employment law covers rules about how employers must treat employees. Title VII of the Civil Rights Act is one key law. It makes it illegal for employers to discriminate against employees based on certain characteristics.
Corporate law
Corporate law covers rules about how corporations are run. It includes rules about the board of directors and shareholder rights. A shareholder derivative action is a lawsuit that a shareholder can bring on behalf of a corporation.
Criminal law
Criminal law covers rules about crimes. It includes rules about when a corporation can be held criminally liable. A corporation can be liable for crimes committed by its agents, under certain conditions.
Key terms
- assumption of risk
- When a person agrees to take a known risk.
- due diligence
- The care that a reasonable person exercises to avoid harm to other persons or property.
- recklessness
- When a person fails to perceive a substantial risk of harm that a reasonable person would have perceived.
- apparent authority
- When a principal causes a third party to believe that the agent is authorized to act in a certain way.
- shareholder derivative action
- A lawsuit that a shareholder can bring on behalf of a corporation.
- Title VII
- A law that makes it illegal for employers to discriminate against employees based on certain characteristics.
Questions this document helps with
- What is nuisance in business law?
- When can a corporation be held criminally liable?
- What is a shareholder derivative action?
Summary written with AI from the document's text.
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