business law
Agency law - is concerned with any "principal"-"agent" relationship; a relationship in which one person has legal authority to act for another. Such relationships arise from explicit appointment, or by implication. The relationships generally associated with agency law include guardian-ward, executor or administrator-decedent, and employer-employee. The law of agency is based on the Latin maxim "Qui facit per alium, facit per se," which means "he who acts through another is deemed in law to do it himself." Agency, in its legal sense, nearly always relates to commercial or contractual dealings. Antitrust- To prevent trusts from creating restraints on trade or commerce and reducing competition, Congress passed the Sherman Antitrust Act in 1890. The Sherman Act was designed to maintain economic liberty, and to eliminate restraints on trade and competition. The Sherman Act is the main source of Antitrust law. The Sherman Act is a Federal statute and as such has a scope limited by Constitutional constraints on the Federal government. The commerce clause, however, allows for a very wide interpretation and application of this act. The Act applies to all transactions and business involved in interstate commerce. If the activities are lo
Generally, a trust is a right in property (real or personal) which is held in a fiduciary relationship by one party for the benefit of another. The trustee is the one who holds title to the trust property, and the beneficiary is the person who receives the benefits of the trust. Contracts can be express, implied by conduct, or implied in law. An express contract is either an oral or a written agreement whose terms are manifested by clear and definite language. An implied contract is an agreement inferred from the conduct of the parties. This occurs where the parties may not have precisely agreed on all key terms but the contract was performed anyway. An implied-in-law contract (also called a quasi contract) is created by operation of law to avoid unjust enrichment of one party at the expense of another. In a quasi contract there has been no agreement or meeting of the minds; one party has conferred a benefit on another under such circumstances that fairness and equity require compensation. This occurs for example when a doctor renders assistance to an unconscious patient. The patient later on receives a bill for the doctor's services. Since competent medical care was provided by the doctor with the expectation of being paid, the patient will be required to pay for the reasonable value of the doctor's services. Under the federal Fair Housing Act and Title VII of the Civil Rights Act of 1968, among other laws, many forms of housing discrimination are illegal. Homeowners are prohibited from making adverse decisions to lease or sell real estate because of a person's age, religion, sex, color, or national origin. In some states, people cannot be denied a lease on the basis of sexual orientation. It is also against the law for real estate agents to steer prospective buyers away from certain areas. The Equal Opportunity Employment Commission (EEOC) interprets and enforces the Equal Payment Act, Age Discrimination in Employment Act, Title VII, Americans With Disabilities Act, and sections of the Rehabilitation Act. The Commission was established by Title VII. Its enforcement provisions are contained in section 2000e-5 of Title 42, and its regulations and guidelines are contained in Title 29 of the Code of Federal Regulations, part 1614. When a contrac
Some common words found in the essay are:
Consideration Consideration, Sherman Act, Rights Act, , Act Federal, Pay Act, Act ADEA, Standards Act, Title VII, collective bargaining, Commission EEOC, interstate commerce, contract entered, sherman act, contract agreement, equal pay, act applies, subject matter, title vii, discrimination employment act, pay act, labor standards act, age discrimination employment, act title vii, lose his/her investment,
Approximate Word count = 1529
Approximate Pages = 6 (250 words per page double spaced)
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