Chapter 8
Terms
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copy deck
- patent-pending
- status until the patent is actually issued
- UCC
- group of laws that covers everthing from sales to bank deposit warranty of merchantibility
- patent-applied-for
- public can't look at the applicaationand drawings
- patent
- a grant to an inventor that gives him or her the exclusive right to produce and sell an invention
- warranty of merchantibility
- assures the buyer tahe the product he or she is purchasing
- wrongful terminaton
- when an employee is fired for wrongful reasons
- EEOC
- charged with protecting the rights of employees
- bait- and-switch
- uses a bargain priced item to lure potential customers into a store
- service mark
- design or symbol that describes a business
- FICA
- social security act
- trademark
- word, symbol, design or combination of the business
- contract
- binding legal agreement between two or more persons or parties
- price discrimination
- business sells the same product to different people at different prices
- consideration
- what is exchanged for the promise
- capacity
- legally able to enter into a binding agreement
- public domain
- can be used by anyone free of charge
- copyright
- protects original works of authors