Acts beyond the scope of the powers of a corporation,
as specified under state law and in the corporation's charter. Such corporate
acts are unlawful and have no effect.
A doctrine under which a court may refuse to enforce
all or part of a contract whose terms are unreasonably favorable to one of the
parties, if the victimized party had no meaningful choice or did not realize
what he or she agreed to.
In contract law, the abuse of a relationship of trust
or confidence in order to lead another person to agree to the terms of a
contract.
A practice by an employer or a union that is
prohibited by the National Labor Relations Act because it interferes with the
rights of employees to form and join unions, bargain collectively, and engage
in concerted activities.
A statutory code, adopted in substantially the same
form in every state, governing commercial transactions.
A uniform source of law governing the creation,
operation, rights, and obligations of partnerships. The UPA has been adopted in
all states but Georgia and Louisiana.
A contract in which one party promises to do (or
refrain from doing) something in return for the other party's performance of a
specified act, rather than in return for a promise.
A theory holding that an action is morally right if
it produces the greatest good for the greatest number of people.
A patent covering a new machine, manufacturing
process, manufactured article, or substance.
