Business Law

Card Set Information

Author:
RhondaFD
ID:
228353
Filename:
Business Law
Updated:
2013-07-27 19:43:04
Tags:
Vocab
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Description:
Vocab- C's
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  1. the party who acquires possession, but not the title of personal property by one party to another, under agreement
    Bailee
  2. The transfer of possession, but not the title of personal property by one party to another, under agreement
    Bailment
  3. the party who gives up possession, but not the title, of personal property in a bailment
    Bailor
  4. a person in possession of an instrument
    Bearer
  5. Commercial paper payable to bearer i.e. to the person having possession of such
    Bearer paper
  6. Recipient of the proceeds of a life insurance policy; one who inherits property as specified in a will
    Beneficiary
  7. a contract which consists of mutual promises to perform some future acts
    Bilateral contract
  8. the contract existing between the consignor and the carrier
    Bill of lading
  9. a document of conveyance which provides written evidence of one's title to tangible personal property
    Bill of Sale
  10. a body of persons elected by the stockholders to define and establish corporate policy
    Board of directors
  11. administrative step taken after an arrested person is brought to police station, which involves entry of person's name, the crime for which the arrest was made
    Booking
  12. a situation in which one of the parties to a contract fails or otherwise refuses to perform the obligations established I that contract
    Breach of contract
  13. those rules of conduct prescribed by government and its agencies in regulation business transactions
    Business Law

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