Abe diploma in business administration study manual principles of business law contents study unit title page syllabus i 1 nature and sources of law 1 nature of law 3 historical origins 6 sources of law 9 the european community and uk law. English common law is the basis of state legal systems in the u. Business law terminology offer and acceptance assignment law. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. A complete collection of every document filed in court in a case. Business law, also called commercial law or mercantile law, the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters business law falls into two distinctive areas. Civil action noncriminal case in which one private individual or business sues another to protect, enforce, or redress. The peoples law dictionary by gerald and kathleen hill publisher fine communications. This area of the law draws on a variety of legal disciplines, including tax law, intellectual property, real estate, sales, employment law, bankruptcy, and others. If a state adopts the law, it becomes statutory law in that state. Agency one person acts for or represents another by authority. Each state has the option of adopting or rejecting all or part of a uniform law. English legal glossary 4 affirmed in appellate courts, it means that the decision of the trial court is correct.
Business law terminology free download as word doc. The a to z guide to legal phrases plain english campaign. Australian business number an identifier for dealings with the ato and for future dealings with other government departments and agencies. A qualified business lawyer can address your particular legal needs, explain the law, and represent you in court. Glossary of business terms a to z business the guardian. C the common law also means case law as opposed to statutory law. The prohibited conduct or behaviour that the law seeks to prevent. C the common law signifies the law common to the whole jurisdiction as opposed o t local or customary law, ecclesiastic law and merchant law.
A term to indicate another name by which a person is known. Acronym that stands for also known as and introduces any alternative or assumed names or aliases of an individual. Answer b official document detailing a defendants defense. Glossary of basic legal terms definitions money instructor. A broad concept that describes the substantive law that governs transactions between business entities, with the exception of maritime transportation of goods regulated by admiralty and maritime law. A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes. Business law and the legal environment open textbook library.
To find all definitions that include a specific term, enter a word or phrase below. Acceptor the organisation such as a bank which will pay the cheque or bill of exchange it has accepted. The dictionary covers terminology relating to crime and the criminal justice process as well as civil. The text is comprehensive, in that there are 53 chapters that cover what one would expect a business law text to cover, including intellectual property, real property, and bankruptcy. Unwritten law based on previous court decisions is known as a. Business law encompasses all of the laws that dictate how to form and run a business. But there are still legal phrases that baffle nonlawyers. Affidavit a written statement in which the facts stated are sworn or affirmed to be true. Abduction the offense of taking away a wife, child, or ward, by deceitful persuasion, force, or violence. Assault when someone threatens another person with physical harm. The following definitions are intended to be helpful, but they are not intended to constitute legal advice or address every possible meaning of the terms contained in this glossary. The law can be complicated and it is often described in technical terminology that many people might find unfamiliar. Commercial law includes all aspects of business, including advertising and marketing, collections and bankruptcy, banking, contracts, negotiable instruments, secured transactions.
Abandon v abate v to abate a nuisance abatement abdicate v abdication abduct v abduction abet v to aid and abet abetment abeyance in abeyance ab initio abode abolish v to abolish slavery. Speak to an experienced business law attorney today. Handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead. An informal memorandum of a transaction signed by the defendant which consists of one or more writings that, taken together, identify the parties and the essential terms, and thus satisfies the requirement of the statute of frauds that certain transactions be evidenced by a writing. Articles of association documents which set out a companys rules. Many lawyers are now adopting a plain english style. So for legal advice that you can rely on, use our find a. Reviewed by jennifer lehman, assistant professor of financial planning, george fox university on 12219. Business law deals with the creation of new businesses and the issues that arise as existing businesses interact with the public, other companies, and the government. A free glossary of business contracts jargon, legal terms and definitions. Originally this common law was the law administered by the royal courts in england, the kings law, common to the whole realm.
Solicitors are the experts when it comes to the law and how it affects you. Glossary of legal terminology most frequently used terms glossary of legal terminology edited and expanded by john lombardi aka. But even common legal matters can become complex and stressful. After acquired intent when the defendant did not intend to commit a crime until after the crime had been committed. For the definition of a legal term, enter a word or phrase below. A person authorized to act for another with the others business agreement a meeting of the minds allegation. The association of chartered certified accountants. The law as established in previous court decisions. Study 101 terms business law terms flashcards quizlet. Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Business law in zimbabwe pdf business law in zimbabwe pdf download. Dynamics of business and its environment, corporate governance and social responsibility, law of contract, capacity of contract contingent contract, law of insurance, accounts, audit, licensing and registration of factories, industrial disputes act, objects and scope of the act, effects of industrial dispute, administration. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used.
Act law passed by parliament, known as a bill before assent by governor or governor. It is a legal requirement that person who carries on a business other than. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. This comprehensive work covering all areas of business law in zimbabwe is the standard reference work in. To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32.
Business law glossary learn with flashcards, games, and more for free. Family law glossary of common terms and definitions note. Kisilwa, zaharani, business law instructor at the institute of accountancy arusha 2007 prelude this work presents the lecture notes on all the. A model law created by the national conference of commissioners on uniform state laws andor the america law institute for the states to consider adopting. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Agent someone who has authority to act for another. Accordingly a word used in legal documents which means therefore or so. This was a group assignment but as always, i could not wait for the other members to submit their part, so i did the research and wrote this paper all by myself and of. Small business administration the federal governmental agency that guarantees loans made by banks to small businesses sole proprietorship.
This glossary provides short definitions of legal terms you will find on this website. General principles of business and economic law an introduction to contemporary legal principles governing private and public. Business law b glossary acceptance an agreement to an. Alien corporation b one that is incorporated in a foreign country. With your download, get the 16 best papers relevant to this one, including 15 top related papers. Victoria law foundation legal glossary 2 adduce to adduce or lead evidence is to show a document or thing to the court, or to ask a witness questions, as part of an argument in a court case. General principles of business and economic law head 00 fmt cx2 10807 3. This article is intended to be helpful and informative. Easytouse free business glossary with over 20,000 terms. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable aob, awareness. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. The law of nations or international law just habendi the right to have a thing and retain the profits.
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