Piercing the corporate veil is a legal doctrine that allows a court to hold shareholders personally liable for the debts and actions of a corporation if they have abused the corporation's separate legal identity to commit fraud or injustice.
The offeree is the party to whom an offer is made, and who has the option to accept or reject the offer.
A corporation is a distinct legal entity that provides limited liability protection to its shareholders. This means that shareholders' personal assets are generally not at risk for the corporation's debts and liabilities.
The Sherman Antitrust Act aims to promote fair competition and prevent anticompetitive practices, such as monopolies and price-fixing, that can harm consumers and limit market competition.
The NLRA safeguards employees' rights to unionize and engage in collective bargaining with their employers.
A sole proprietorship is an unincorporated business owned and operated by a single individual.
Vicarious liability, also known as respondeat superior, holds employers responsible for the actions of their employees when those actions occur within the scope of their employment.
The Securities Act of 1933 mandates the disclosure of relevant information to potential investors and establishes regulations for the sale of securities in the United States.
Force majeure refers to unforeseen circumstances, such as natural disasters or wars, that prevent a party from fulfilling contractual obligations.
Utilitarianism emphasizes the importance of achieving the greatest good for the greatest number of people by assessing the consequences of actions.
A non-compete agreement restricts employees from working for competitors or starting their own competing businesses for a certain period after leaving their current employer.
The FTC is responsible for regulating and enforcing laws related to consumer protection and preventing unfair and deceptive business practices.
Copyright protects original artistic and creative expressions, granting creators exclusive rights to reproduce, distribute, and display their works.
An LLC combines the limited liability protection of a corporation with the flexibility and pass-through taxation benefits of a partnership.
OSHA is responsible for ensuring safe and healthy working conditions by enforcing regulations related to workplace safety and health.
The Civil Rights Act of 1964 prohibits employment discrimination based on race, color, religion, sex, or national origin and is a landmark legislation in the fight for civil rights.
