Legislation passed by Congress in 1935 to protect
employees basic union rights. Also known as the National Labor Relations Act.
In product liability law, a product defect resulting from
a manufacturer's failure to adequately warn consumers of hazards the existence
of which the manufacturer was aware or should have been aware.
A guarantee or assurance made to a purchaser as to
the quality of the product sold.
A 1938 amendment to Section 5 of the Federal Trade
Commission Act that prohibits unfair competition and unfair or deceptive acts
or practices in commerce.
A term used to describe the violation of laws
relating to the conduct of business.
A company whose stock is
entirely controlled by another company.
A strike carried out by workers without the approval
of union leaders, in violation of a collective bargaining agreement.
The use of telephone, telegraph, or other
communications media to perpetrate a fraudulent scheme, in violation of federal
law. The wire fraud statute has been applied broadly to prosecute a wide range
of criminal activities, including insider trading.
A program in which employees are compensated for
job-related injuries illnesses, and death. The program which is governed by
state laws, requires employers to make payments regardless of whether anyone
was at fault.
The belief that ambition, dedication to work, and
worldly rewards serve to fulfill God's will. One of the competing economic
beliefs during the late 19th and early 20th centuries.
