A term to indicate another name by which a person is known. Business law terminology free download as word doc. This comprehensive work covering all areas of business law in zimbabwe is the standard reference work in. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32. A complete collection of every document filed in court in a case. Business law b glossary acceptance an agreement to an.
To find all definitions that include a specific term, enter a word or phrase below. Civil action noncriminal case in which one private individual or business sues another to protect, enforce, or redress. After acquired intent when the defendant did not intend to commit a crime until after the crime had been committed. A person authorized to act for another with the others business agreement a meeting of the minds allegation.
The prohibited conduct or behaviour that the law seeks to prevent. Handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead. 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. Easytouse free business glossary with over 20,000 terms.
Family law glossary of common terms and definitions note. It is a legal requirement that person who carries on a business other than. The law can be complicated and it is often described in technical terminology that many people might find unfamiliar. To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. If a state adopts the law, it becomes statutory law in that state. This article is intended to be helpful and informative. Accordingly a word used in legal documents which means therefore or so. 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. The dictionary covers terminology relating to crime and the criminal justice process as well as civil. Affidavit a written statement in which the facts stated are sworn or affirmed to be true. 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. General principles of business and economic law an introduction to contemporary legal principles governing private and public. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business.
Business law and the legal environment open textbook library. 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. 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. Agency one person acts for or represents another by authority. 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.
But even common legal matters can become complex and stressful. Australian business number an identifier for dealings with the ato and for future dealings with other government departments and agencies. Study 101 terms business law terms flashcards quizlet. Many lawyers are now adopting a plain english style. Assault when someone threatens another person with physical harm. Unwritten law based on previous court decisions is known as a. This glossary provides short definitions of legal terms you will find on this website. Small business administration the federal governmental agency that guarantees loans made by banks to small businesses sole proprietorship. Answer b official document detailing a defendants defense. The peoples law dictionary by gerald and kathleen hill publisher fine communications. Alien corporation b one that is incorporated in a foreign country.
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. But there are still legal phrases that baffle nonlawyers. Each state has the option of adopting or rejecting all or part of a uniform law. Agent someone who has authority to act for another. English common law is the basis of state legal systems in the u. Glossary of business terms a to z business the guardian. 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 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. Accomplice someone who helps another person to commit a crime. 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. A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes.
So for legal advice that you can rely on, use our find a. 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. Glossary of basic legal terms definitions money instructor. The law of nations or international law just habendi the right to have a thing and retain the profits. Acceptor the organisation such as a bank which will pay the cheque or bill of exchange it has accepted. 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. General principles of business and economic law head 00 fmt cx2 10807 3. A qualified business lawyer can address your particular legal needs, explain the law, and represent you in court.
Solicitors are the experts when it comes to the law and how it affects you. Business law terminology offer and acceptance assignment law. 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. Originally this common law was the law administered by the royal courts in england, the kings law, common to the whole realm. The a to z guide to legal phrases plain english campaign. 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.
Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. 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. Reviewed by jennifer lehman, assistant professor of financial planning, george fox university on 12219. For the definition of a legal term, enter a word or phrase below. A free glossary of business contracts jargon, legal terms and definitions.
The association of chartered certified accountants. Glossary of legal terminology most frequently used terms glossary of legal terminology edited and expanded by john lombardi aka. Abduction the offense of taking away a wife, child, or ward, by deceitful persuasion, force, or violence. Articles of association documents which set out a companys rules. Acronym that stands for also known as and introduces any alternative or assumed names or aliases of an individual. 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. Accessory someone who encourages or helps another person to commit a crime. The law as established in previous court decisions. Act law passed by parliament, known as a bill before assent by governor or governor. English legal glossary 4 affirmed in appellate courts, it means that the decision of the trial court is correct. Business law encompasses all of the laws that dictate how to form and run a business. Business law glossary learn with flashcards, games, and more for free. 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. Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments.