文档介绍：BUSINESS
Business Law
Dictionary
Business Law Dictionary act of God An unusual and unexpected natural event (., hurricane,
earthquake, sudden death), which may be a defense against liability for
injuries or damages, or for not fulfilling a contract. Under the law of contracts,
abandonment In trademark law, a situation in which the owner of a an act of God often serves as a valid excuse if one of the parties to the
trademark or service mark does not use the mark for a long time or does contract is unable to fulfill his or her duties, such pleting a construction
not object to the unauthorized use of the mark by others. An owner who project on time.
abandons a trademark loses his or her exclusive rights to it.
act of nature see Act of God.
acceptance In contracts, agreeing verbally or in writing to the terms. This
ADA see Americans with Disabilities Act.
is one of the requirements for making a valid contract (., an offer, an
acceptance of that offer, and a consideration). A written offer can be accepted ADEA see Age Discrimination in Employment Act.
only in writing. adhesion contract A contract (often a signed preprinted form) that
accord and satisfaction An agreement to accept less than is legally due is so much in one party’s favor that there is every appearance of its not
in order to conclude a dispute. The new agreement (., the accord) and the having been bargained freely. Also called a contract of adhesion. See
payment (., the satisfaction, when made) replace the original obligation. unconscionability.
See novation.
ADR see American Depository Receipt.
account stated A statement between a creditor and a debtor that a stated
advance A prepayment made in anticipation of services, such as a shipment
amount is owed as of a stated date. The statement may be a bill, invoice or
being made or a book written. An advance is normally set against a final bill,
summary of invoices that the debtor may agr