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Business Vocabulary
Corporate law
Despite the fact that specific rules concerning certain of those agency relationships have evolved, there remains a ..... law of agency with substantial application across diverse legal contexts.
a
free-standing
b
free-wheeling
c
long-awaited
d
long-lasting
Agency law has retained a structural coherence, despite statutory developments, in part because many statutes make reference to common law or ..... a background that includes basic common-law doctrines.
intuit
presuppose
suggest
supplant
The law of agency is based on the Latin ..... 'Qui facit per alium, facit per se', which means 'he who acts through another is deemed in law to do it himself'.
axiom
epigram
maxim
utterance
Contracts are promises that the law will ......
enact
enforce
enhance
espouse
The Law of Contracts deals with self-..... duties, that is, agreements voluntarily concluded between parties.
delineated
designated
implanted
imposed
Adequate consideration is a benefit which a party receives which reasonably and fairly ..... them to make the promise/contract.
conduces
educes
induces
seduces
The Law of Contracts is usually broadly classified either as part of the Law of Obligations or as part of the system of private law (which ..... contracts, property and torts).
circumscribes
delineates
encompasses
subtends
While products are generally thought of as tangible personal property, products liability has ..... that definition to include intangibles (gas), naturals (pets), real estate (house), and writings (navigational charts).
spread
strengthened
stretched
swelled
The publishing firm was asked to pay ..... to the author after it printed her material without proper permission.
commission
culpability
compensation
capitulation
After selling the plans for the new business venture to the company's rival, a number of employees were ..... as traitors and were sacked.
denounced
deluded
delayed
distracted
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