Contract And Employment Law Exam Questions (29 Terms) With Verified Definitions Updated 2024

Equal Employment Opportunity Commission (EEOC) {Ans: federal organization which oversees most employment discrimination law including the Equal Pay Act and the Americans with Disabilities Act of 1990; requires employers show posters which are visible with employment discrimination law topics; also handles complaints about employment discrimination}Unemployment Compensation Law {Ans: law providing funds for workers which are unemployed due to layoffs; allows time for workers to find another job; established by the federal Social Security Act in 1935; funded by taxpayers}Pensions {Ans: payments made to employees after they have retired, similar to a retirement plan; regulated by the Employee Retirement Income Security Act (ERISA)}National Labor Relations Act (NLRA) {Ans: federal law allowing employees to join unions and collectively bargain; passed in 1935; created the National Labor Relations Board to oversee and enforce the NLRA}Common Law {Ans: judge-made law passed down over the years; governs everything except for the sale of goods}Union {Ans: group formed by employees to negotiate with the employer}