商务法规串讲重点

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1、%1.Identify,explainandorparaphrasethefollowingterms.Acceptance：Astatementoractgiveninresponsetoandinaccordancewithanoffer.Offer:Atentativepromisesubjecttoacondition・Shareholder:Apersonwhoholdsashareinterestinacorporation;apartownerofthecorporation.Ag

2、ent:Apersonappointedtoactforanother,usuallyincontractmatters.Constitution:Thebasisuponwhichastateisorganized,andthepowersofitsgovernmentdefined・Director:Undercorporationlaw,apersonelectedbytheshareholderstomanageitsaffairs.Consideration：Somethingthat

3、hasvalueintheeyesofthelaw,andwhichapromiseereceivesinreturnforapromise.Duress:Thethreatofinjuryorimprisonmentforthepurposeofrequiringanothertoenterintoacontractorcarryoutsomeact.Professional:Apersonwithspecialskillsnotpossessedbymostindividuals.Princ

4、ipal:Apersononwhosebehalfanagentacts.Publiclaw:Thelawrelatingtotherelationshipbetweentheindividualandthegovernment.FundamentalBreach：Abreachofthecontractthatgoestotherootoftheagreement.InnocentMisrepresentation:Afalsestatementofamaterialfactmadebyapa

5、rtythathonestlybelievedthefacttobetrue.Fraudulentmisrepresentation:Afalsestatementoffactmadebyapersonwhoknows,orshouldknow,thatitisfalse,andmadewiththeintentionofdeceivinganother・SoleProprietorship:Abusinesswherethesoleownerisresponsibleforthemanagem

6、entandthedebtsofthebusiness.Dutyofcare:Thedutynottoinjureanotherperson.Statutelaw:Alawpassedbyaproperlyconstitutedlegislativebody.ContemptofCourt：Refusaltoobeyajudge'sorder.Punitivedamages:Damagesawardedbyacourttopunishawrongdoer.Notnormallyawardedfo

7、rordinarybreachofcontract.Strictliability:Responsibilityforlossregardlessofthecircumstances.Privatelaw:Thelawrelatingtotherelationshipbetweenindividuals.Commonlaw:Thelawfoundintherecordedjudgementsofthecourts.Injunction:Anequitableremedyofthecourttha

8、tordersthepersonorpersonsnamedtorefrainfromdoingcertainacts.Officer:Apersonelectedorappointedbythedirectorsofacorporationtofillaparticularoffice(president,vicepresident,secretary,etc.).Stoppageintransitu:Therightofthesellertostopdeliveryofgoodsbythec