Commercial Law Crossword Puzzle
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QUESTIONS LIST:
- dissolution: act or process of terminating a business.
- fraud: an intentional perversion of truth for the purpose of inducing another.
- yellowstone: injunctive relief sought in action brought which asks the court to declare that the tenant is not in default.
- offer: a proposal constituting specific terms for one party to enter into an agreement with another party.
- business tort: a non-contractual breach of a legal duty by a commercial entity directly resulting in damages or injury to another.
- partnership: a business owned by more than one person that is not organized as a corporation.
- assets: property of all kinds, tangible and intangible.
- fiduciary duty: obligation to act for someone else's benefit, not one's own.
- shareholder: a person who owns stocks in a corporation.
- trade secret: a proprietary compilation of information used in a business to obtain an advantage over competitors.
- restrictive covenant: clause which limits a contracted employee from performing similar work.
- acceptance: an agreement to the specific terms of an offer.
- misrepresentation: any manifestation by words or other conduct by one person to another that is not in accordance with the facts.
- corporation: an artificial person or legal entity created by or under the laws of a state.
- consideration: something of benefit to the person who has the obligation or who makes a promise to do something or something detrimental to the person who wants to enforce the obligation, or who has the benefit of the promise.
- ucc: n.y. guide to the sale of commercial business transactions, including the sale of goods between parties.
- breach: failure without legal excuse to perform a promise.
- derivative action: lawsuit by a shareolder to enforce a corporate cause of action.
- securities: documents that represent a share in a copmpany or a debt owed by a company or government entity.
- privilege log: used to identify the document where a party makes the express claim of privilege and the description of what is being withheld.
- special master:a private individual appointed by a court to carry out an express directive on its or the parties’ behalf in a pending action.
- adr: process by which a mediator or arbitrator is engaged to achieve a resolution.