Essentials of Business Law Chapter 34

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Essentials of Business Law Chapter 34
2014-06-11 15:19:51
Business Law

Chapter 34
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  1. Professional
    A person who does highly specialized work that depends on special abilities, education, experience, and knowledge.
  2. Malpractice
    A professional's improper or immoral conduct in the performance of his or her duties through carelessness or lack of knowledge.
  3. Good Samaritan laws
    Statutes that provide medical professionals who render emergency care or treatment to injured individuals outside the scope of their regular employment immunity from malpractice lawsuits.
  4. Loss of constortium
    In a lawsuit by a spouse, a request for damages for loss of companionship.
  5. Churning
    A financial planner's unreasonably excessive buying or selling of securities to generate commissions.
  6. Statute of limitations
    A legal time limit in which to initiate a lawsuit.
  7. Title insurance
    A form of insurance that assures the buyer of real property that there  are no other claims to the ownership.
  8. Whole life insurance
    A relatively costly form of life insurance protection that includes a savings feature.
  9. Term insurance
    A form of pure life insurance with no savings feature.