Difs Business Law Test 3

commerce clause – The clause in the Constitution (Article I, Section 8, Clause 1) that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations.
Discharge by Performance – the contract comes to an end when both parties fulfill their respective duties by performing the acts they have promised
Title – ownership; evidence of ownership of property; consists of equitable and legal titles
Case Names – The plaintiff comes before the defendant
His employment license says that he has to get his license. The occurrence of an event by a specified time after the initiation contractual duties. – condition subsequence
Persuasive Authorities – precedents from other jurisdictions.
Ben incorporates his app products business as Clickology, Inc. Under most state corporation statutes, Clickology can have​
fraudulent conversion of another's property or money by a person to whom it has been entrusted. – Embezzlement
tortfeasors engage in intentional
conduct – Intentional Tort
Intentional Infliction of Emotional Distress – an intentional act that is extreme and outrageous, that results in severe emotional distress in another
precedent – courts use prior cases as a guide for deciding similar new cases; provides stability in law
Complaint – A short, plain statement of the facts alleged and the legal claims made.
Defamation – false statement, oral or written, that injures one's reputation
Ben incоrpоrаtes his аpp prоducts business аs Clickology, Inc. Under most state corporation statutes, Clickology can have​
without recourse – the buyer assumes the risk of bad debts.
Ponzi scheme – a fraudulent investment scheme where funds invested by later investors are used to pay off earlier investors, creating a false sense of success

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