Business Law

Anything related to the legal aspect of business, including the suing of companies, laws that companies must follow, or the breaking of laws by businesses should be asked here.

8,338 Questions
Business Law

What are the essential elements of a contract of insurance?

there are four elements of insurance contract... offer,acceptance,consideration...

Business Law
2008 Economic Crisis

What is a positive externality?

an economic side effect that generates unexpected benefits

Labor and Employment Law
Business Law

Why do labor laws exist?

Labor laws, that is, laws that govern the relationship, and enforce standards of conduct, between employers and the employed, exist because frictionless economic efficiency can often operate to the disadvantage of the employed, even to the point of the violation of the basic civil rights of the employed.


Left to themselves some businesses and even whole industries will abuse the employees with low pay, unsafe working conditions, sometines virtual slavery, unfair employment contracts and other abuses. One needs only look at histrory; garment workers, coal miners, Chinesse railroad workers, sweat shops, asbestos workers and on and on to see why there are labor laws. Business will take the cheap way out unless there are laws to set standards. American companies who must follow our labor laws put facilities in other countries to avoid those laws.

Business & Finance
Business Plans
Business Law
LG Corporation

Is lg a private limited company?


Business Plans
Business Law

Can a company director sue his own company?

yes, as the company is a legal entity, and it can be sued by the director if the shareholders of a company use the company as the alter ego of the shareholders.

Business Law

What is gannet chart?

If you mean Gantt chart; it is a method of graphically charting the critical path of a project. As an example you must first lay the foundation of a house before you can frame but once you are done framing you can both roof and wire at the same time.

Lincoln LS
Business Law

What does LS after signature mean?

L.S. is the abbreviation for the Latinism "locus sigilli", meaning the place reserved for the signatory's unique seal. Most U.S. states have abolished the need for a seal to authenticate the signature. Older documents can be found with a wax wafer melted onto the L.S., impressed with a corporate, government, or private insignia (the seal), perhaps with color-coded ribbons or strings also embedded in the wax under the seal.

Business Law
Legal Definitions

What is mean by Litigation Coding Process?

The process of low cost litigation coding is an important part of legal affairs and saved properly it proves to be of immense importance for future research. The process calls for quality control, analysis and proper follow up in order to maintain the perfection that is required to control the process. The litigation coding mainly involves legal document coding. It is the process of establishing the objective and subjective coding of a record or document. It is done by legal document coders who work with legal records. By encoding documents into database systems they make the information accessible to the attorneys at the tile of trial. Depending on clients and cases the type of encoding information keeps changing. Clients normally specify the type of information to encode for a particular case. Most clients ask for minimizing date, title of document, author and document type. Legal document coding is mainly handled through telecommunication. However, there are companies who employ full-time or part-time coders who work onsite. The coders must be good and accurate at typing and should possess excellent writing and proofreading skills too.

Most of the companies now depend on offshore litigation coding as they are capable of producing high quality results while being cost effective. The litigation coding service provides a proper transfer of data by forming a database and then coding and indexing the records to the required specification. Skilled staffs with proper training are engaged in this job. The offshore litigation coding companies committed to quality, accuracy and immediate response to the need of the clients. The prime reason for the success of the offshore companies is their ability to provide low cost litigation coding. Using less man power and generating own specific software help the offshore companies to offer low cost services. A huge number of offshore companies are now providing low-cost and time-bound services that make information not only readily accessible but they can also be quickly searched, sorted, located, distributed and viewed. Outsourcing the litigation coding service dramatically reduces the legal expenditure and also helps corporate legal departments and law firms maximize their capacity so that they can focus on more tactical affairs. The offshore litigation coding companies also maintain strict confidentiality and take all possible measures to ensure data security. These companies are getting more and more success by employing appropriate legal professionals and by using the latest and most sophisticated technologies.

Civil Lawsuits
Business Law
State Laws

Do both parties sign a prenup?

Usually, yes. But if you are good enough, you can convince her/him to sign it then you don't need to sign it.

Another view: While in theory, the foregoing may be true, it may make later enforceability harder. That is, the fact that you did not sign it but your spouse did may make it appear that you exerted undue influence upon him/her.

Business Law

What is muscle responsiveness also called?


Law & Legal Issues
Business Law
Contract Law

Can you sue a company for promising i have proof of this promise to deliver a product to you at a certain time and not delivering the product when promised?

You may sue for breach of this promise only if the failure to make the delivery on time is a material breach of the contract and if you suffered monetary damages as a result of the breach. The promise to deliver at a specific time is not automatically a material provision of the contract per se although it can be made so within the contract itself. Never the less, even if it is a material provision and if it has been breached, you may not sue if you have suffered no monetary damages as a result of the failure to make an on time delivery.

Business Law
Civil Process

How do you rectify a mistake in stamp paper?

When the person has done something hideous and yet was threatening the party towards which the crime has been committed then you rectify it in stamp paper.

Business & Finance
Business Law
Business and Industry

What is the Tabberone disclaimer?

The Tabberone Disclaimer is a carefully crafted disclaimer to be included when selling hand-crafted items. It is recommended that the disclaimer be in bold type, used with a colorful border, and back-lit with a color that will attract attention. It should be prominently displayed early in the listing in the same size type as the lsiting. As one lawyer said, there is a difference between "red light" and "light red". Here is an example (without the border or color): The is an example with HTML on her website.

Business Law

There can be a stranger to consideration but there cannot be a stranger to contract?

Stranger to consideration can sue but not stranger to contract.

According to sec 2(d) of Indian contract act,1872. Consideration definition says that "when at the desire of the promisor, promisee or any other person- has done or abstained from doing ,does or abstains from doing, promises to do or abstains from doing something".

According to this definition law only considers that in a contract consideration should be there,and it is immaterial who has supplied consideration. that is ,a stranger can also give consideration. so when promisee does not give consideration and if it is supplied by stranger, than promisee becomes stranger to consideration. so promisee though he does not give consideration he can sue promisor for enforcing the contract i.e enforcing promise given by promisor, because consideration is there and it is supplied by some third party.

According to Privity of contract it says stranger to contract cannot sue: because only parties to the contract can proceed against one another and not a third person.That is a third person cannot file a suit on a party to the contract for enforcement of promise.

Example: Dunlop Pnuematic vs Selfridge co.,case facts once refer.

Ex: suppose if x sells his property to y and in turn y promises x that he would pay off the debt of x which is due to z. In such a case, if y did not pay the debt money to z, then z cannot file suit on y because z is stranger to contract.

So stranger to consideration can sue but not a stranger to contract.

Business Law

Can a trust be a partner in a partnership?

yep trust is the main thing in your relationship

Nissan Sentra
Workers Compensation
Business Law

Do you need workmans comp as sole proprietor in ma?

By law, it's optional for sole proprietors. Reality can be different though. In the construction trades most general contractors will require any subs who are sole proprietors to have workmans comp. This is what their insurance companies require. If a sub doesn't have workmans comp the insurance company adds their wages to the gc's bill.

Business Law

When a limited partnership is formed?

A limited partnership is formed upon the execution of an agreement between a limited partner (usually a financial contributor) and a general partner (responsible for the day-to-day operations of the business). The limited partner is only liable up to the amount of the initial investment whereas the general partner has unlimited liability. It is advisable to have an attorney draw up the agreement to ensure that it is in compliance with the laws of the jurisdiction in which the partners will conduct business.

Internet Marketing
Business Law

Master resale rights definition?

If you own Master Resell Rights to a product, you can resell it, bundle it or include it in your own membership site. You may even be allowed to pass on the resell rights to others, meaning that when you sell that product to someone, they can turn around and sell it to someone else. Master resell rights can vary a little depending on the product creator.

Here is sample master resell rights description from a well known product1:

Master Resale Rights License Includes:

[YES] Can resell unlimited copies of the product for any price. (RRP $97)

[YES] Can bundle in with other products.

[YES] Can pass along resell rights to customers. (RRP $149)

[YES] Can pass along master resell rights to customers. (RRP $297)

[YES] Can include in a paid membership site with $27 fee or more.

[NO] Can include in a paid membership site with less than $26.99 fee.

[NO] Cannot sell the software on eBay or any other online auction sites.

[NO] Cannot give the software away for FREE.

1. Sample provided by

Computer Viruses
Business Law

What is the remedy available for computer virus?

Nyquil and a long night's rest.

Business Law

What are tesco's smart objectives?

sorry mate i dont know

Law & Legal Issues
Business Law

What individuals lack contractual capacity?

There are seven individuals who lack capacity, or have limited capacity.

Minors - generally, contracts can be terminated at the minor's option. Exceptions include: if the minor has affirmed the contract; if it has been more than one year after reaching the age of consent; if the minor has received some benefit such as health care, employment, food, education, or legal advice.

Mental incapacity - which can be either a temporary or permanent incapacity. If the incapacity is temporary, legal proceedings must be started as soon as possible after the incapacity is over. If permanent, a guardian can start proceedings as soon as they realize. For this to succeed, the incapacity must have been reasonably apparent.

Intoxication - Very high standard for this; the person must be so drunk that they could not know or appreciate what they were doing. It must also be apparent to the other party, and legal proceedings must be started as soon as possible after the intoxication.

Business corporations - generally treated as an individual that has reached the age of consent, with minor subtleties: if the corporation is chartered and has contracted outside of the charter, ie) not with the general aim, then the corp is still responsible for the contract. It may choose to change its charter instead. If the corporation is statutory and the contract falls outside of the goal of the corp, the contract is said to be "ultra vires", and is not enforceable.

Associations - typically cannot enter into contracts. Exceptions include education, religious, charity, and trade unions.

Indian bands and aboriginal persons (Canada) - The Indian band acts as if it is incorporated, and can sue or be sued. Aboriginal persons have all the same rights, except they may not use reserve land as credit against a loan, and must obtain gov't approval to sell or rent land.

Public Authorities - generally act on behalf of the public, but the contract must fall within the division of powers that it is acting for.

Business Law

What does IN-Kind mean?

To receive benefits in non-cash form

Business Law
Federal Laws
Law School

What does LTD stand for in law firms?

The abbreviation 'Ltd' stands for 'limited'. This signifies that a firm has limited liability; that is, the owners (shareholders) are not personally liable for any more than their investment should the firm fail.

Business Law

If the transfer of possession of goods is not voluntary then there is a delivery?

The wording of the question needs clarification. As I read it, the "transfer of possession of goods is not voluntary" means goods were involuntarily transferred. This means they were stolen or possibly seized with legal authority. For example, if a car is repossessed then it is involuntrily transferred but with legal authority.

Business Law
Political Theory

Is an ex officio committee member part of quorum?

Yes, they are. They are on the committee by way of their office, but they still have the same rights as other members, and still count for purposes of a quorom.


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