Business Law Vocabulary

Rules and regulations created by government agencies to control business activities.

• Administrative Laws

• Antitrust Laws

• Bankruptcy

• Employee Laws

Laws that prevent unfair business practices, like monopolies, to promote competition

• Digital Rights

• Common Law (Case Law)

• Antitrust Laws

• Intentional Tort

A legal process where a person or business cannot pay their debts and seeks relief through the court

• Intellectual Property

• Bankruptcy

• Contract

• Business Law

Laws that govern how businesses operate, including contracts, transactions, and disputes

• Class-Action Lawsuit

• Trade Secrets

• Statutory Law

• Business Law

A lawsuit filed by one or more people on behalf of a larger group with similar claims.

• Clayton Anti-trust Lawsuit

• Bankruptcy

• Administrative Laws

• Class-Action Lawsuit

A law aimed at preventing anti-competitive practices and protecting consumers.

• Sherman Act of 1890

• Clayton Anti-trust Act of 1914

• Uniform Commercial Code (UCC)

• None of these

Law created by court decisions, not written statutes.

• Common Law (Case Law)

• Constitutional Law

• Business Law

• None of these

Laws that are based on the Constitution and protect citizens' rights and freedoms.

• Constitutional Law

• Administrative Laws

• Antitrust Laws

• Business Law

A legally binding agreement between two or more parties.

• Contract

• Bankruptcy

• Class-Action Lawsuit

• Constitutional Law

A legal right that protects creators’ original works, like books, music, and art.

• Employee Laws

• Intellectual Property

• Copyright

• Intentional Tort