Introductory Business Law (Clep) Study Guide Graded A+

respondeat superior {Ans: the doctrine that makes employers liable for the torts of their employees when they are committed within the scope of the employment relationship}group boycotts {Ans: agreements to refrain from doing business with a particular person(s) or entity in order to force the party to pay higher prices}collective bargaining {Ans: negotiations between employers and groups of employees to agree on employment compensation and other benefits}discriminatory laws {Ans: laws that differentiate between people}direct damages {Ans: the difference between the value of the performance a party should have received and the value of the performance the party actually received}Section 11 (of the Securities Act) {Ans: imposes civil liability for material misrepresentations or omissions in the registration statement}