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BUSI 2301 NW - Business Law: Key Concepts

Key legal concepts for Ch. 1 & 2

Legal Positivism

Legal Realism

Administrative Law

Stare Decisis

Statutory Law

Key legal concepts for Ch. 8

​Trademark

Copyright

Patent

Leasehold

Easement

Key legal concepts for Ch. 12

Unilateral Mistake

Undue Influence

Concealment

Duress

Negligent Misrepresentation

Key legal concepts for Ch. 20

Power of Attorney

Agency Relationship

Respondeat Superior

Duties of Principals and Agents

Agent Misrepresentation

Key legal concepts for Ch. 3

Jurisdiction

Standing

Arbitration

Mediation

Ripeness

Key legal concepts for Ch. 9

Elements of an Offer

Elements of Acceptance

Voided Contract

Bilateral Contract

Unilateral Contract

Key legal concepts for Ch. 13

Statute of Frauds

Parol Evidence Rule

Integrated Contracts

Contract Assignments

Contract Delegations

Key legal concepts for Ch. 24

At-Will Employee

National Labor Relations Board (NLRB)

Federal Labor Standards Act (FLSA)

Disparate Impact

Disparate Treatment

Key legal concepts for Ch. 7

Defamation

Fraudulent Misrepresentation

Punitive Damages

Contributory Negligence

Strict Liability

Key legal concepts for Ch. 11

Disaffirmance of Contract

Legal Emancipation

Legal Mental Incapacity

Contract for a Necessary

Contract Ratification

Key legal concepts for Ch. 17 & 18

Wrongful Dishonor

Stale Check

Forgery

Bearer Instrument

Unqualified Endorsements