Business Law FBLA

Honesty

Truthful and transparent in dealings.

Integrity

Acting with moral principles and fairness.

Compassion

Understanding and being empathetic towards others.

Respect

Showing regard for others' rights, feelings, and traditions.

Responsibility

Being accountable for one's actions.

Citizenship

Being an active and positive member of society.

Justice

Upholding fairness and equality in decision-making.

Statutory Law

Written laws passed by legislative bodies.

Negligence Per Se

Legal doctrine where an act is considered negligent because it violates a statute or regulation.

Criminal Law

Governs offenses against society and involves prosecution by the government.

Tort

Civil wrongs committed against an individual or property.

Assault

Threatening harm.

Battery

Physical contact without consent.

Fraud

Deceptive practices for unlawful gain.

Corporation

A legal entity that is separate from its owners with limited liability.

Limited Liability Company (LLC)

A business structure that offers limited liability and tax flexibility.

Merger

Combining two companies into one.

Breach of Contract

Failure to fulfill contractual obligations.

Consideration

Something of value exchanged in a contract.

Employee Rights Legislation

Laws that protect employees from discrimination and ensure fair labor practices.