FBLA Business Law

2. A major crime
4. Relationship. A relationship based on trust
5. A corporation that owns many different types of companies
6. Items of personal property attached in such a way that they become real property
11. When 2+ companies join together to form a new corporation
16. A minor offense that is usually punishable with a fine and not with jail time
17. When a government seizes a privately owned business to be used for a public service
18. An offense committed against the public good, or society
19. The act of not doing what you have the right to do
20. Interest. The financial interest a policy holder has in the person or property that is insured
21. Clause. A statement in Article 1 of Constitution giving Congress power to regulate commerce among states
23. The person who orders money to be paid in a draft
24. Law. A set of laws made by the courts that provide a series of consistent rules that later courts must follow. Originated in England
25. The property that is offered as a security interest
27. Offer. A merchant's written promise to hold an offer open for the sale or lease of goods

1. Fair payment for the job performed
3. A crime in which a cybercriminal falsely adopts the identity of another computer user or creates a false identity on a computer web site in order to commit fraud
7. Tradiing. When a corporate director or officer buys or sells shares in a corporation based on firsthand about the corporation that is not available to the public
8. The communication via computer or other electronic device of false data that damages a person's reputation
9. The act of placing one's signature on an instrument, usually on the back, to transfer it to another
10. Negligence. A defense against negligence which is raised when the carelessness of each party is compared to the carelessness of the other party
12. The person to whom an order is given to pay money in a draft
13. Charge. The cost of the loan in dollars and cents
14. A court order that prevents a party from performing a specific act
15. The exchange of benefits and detriments by the parties to a contract
22. Bargaining. A process in which union and management representatives get together to work out issues such as wages, working conditions, and hiring and firing policies
26. Carrier. A carrier that is compensated for providing transportation to the general public