{"id":121910,"date":"2023-04-19T00:02:02","date_gmt":"2023-04-18T18:32:02","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=121910"},"modified":"2024-04-12T14:32:33","modified_gmt":"2024-04-12T09:02:33","slug":"business-law-glossary","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/business-law-glossary\/","title":{"rendered":"Business Law Glossary"},"content":{"rendered":"\n<p>Important definitions and terminologies used in Business Law<\/p>\n\n\n\n<p><\/p>\n\n\n<p><a id=\"terms_index\"><\/a><\/p>\n<p style=\"font-size: 30px;letter-spacing:20px;\">\n<a href=\"#a-letter-terms\">A<\/a> <a href=\"#b-letter-terms\">B<\/a> <a href=\"#c-letter-terms\">C<\/a> <a href=\"#d-letter-terms\">D<\/a> <a href=\"#e-letter-terms\">E<\/a> <a href=\"#f-letter-terms\">F<\/a> <a href=\"#g-letter-terms\">G<\/a> <a href=\"#h-letter-terms\">H<\/a> <a href=\"#i-letter-terms\">I<\/a> <a href=\"#j-letter-terms\">J<\/a> <a href=\"#l-letter-terms\">L<\/a> <a href=\"#m-letter-terms\">M<\/a> <a href=\"#n-letter-terms\">N<\/a> <a href=\"#o-letter-terms\">O<\/a> <a href=\"#p-letter-terms\">P<\/a> <a href=\"#q-letter-terms\">Q<\/a> <a href=\"#r-letter-terms\">R<\/a> <a href=\"#s-letter-terms\">S<\/a> <a href=\"#t-letter-terms\">T<\/a> <a href=\"#u-letter-terms\">U<\/a> <a href=\"#w-letter-terms\">W<\/a> <\/p>\n<h3><strong><a id=\"a-letter-terms\">A<\/a><\/strong><\/h3>\n<p><strong>Acceptance in Business Law<\/strong><\/p>\n<p><strong>Actual Authority in Business Law<\/strong><\/p>\n<p><strong>ADR in Business Law<\/strong><\/p>\n<p><strong>Agent in Business Law<\/strong><\/p>\n<p><strong>Alternative Dispute Resolution (ADR) in Business Law<\/strong><\/p>\n<p><strong>Antecedent transaction in Business Law<\/strong><\/p>\n<p><strong>Apparent Authority in Business Law<\/strong><\/p>\n<p><strong>Arbitration in Business Law<\/strong><\/p>\n<p><strong>Articles of Association in Business Law<\/strong><\/p>\n<p><strong>Asset Sale in Business Law<\/strong><\/p>\n<p><strong>Assets in Business Law<\/strong><\/p>\n<p><strong>Assign in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"b-letter-terms\">B<\/a><\/strong><\/h3>\n<p><strong>Bailment in Business Law<\/strong><\/p>\n<p><strong>Benefit-Detriment Theory in Business Law<\/strong><\/p>\n<p><strong>Benefits in Business Law<\/strong><\/p>\n<p><strong>Bill of Exchange in Business Law<\/strong><\/p>\n<p><strong>Board of Directors in Business Law<\/strong><\/p>\n<p><strong>Breach in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"c-letter-terms\">C<\/a><\/strong><\/h3>\n<p><strong>Capacity in Business Law<\/strong><\/p>\n<p><strong>Capital Clause in Business Law<\/strong><\/p>\n<p><strong>Certificate of Incorporation in Business Law<\/strong><\/p>\n<p><strong>Chattel Mortgage in Business Law<\/strong><\/p>\n<p><strong>Collective bargaining in Business Law<\/strong><\/p>\n<p><strong>Company in Business Law<\/strong><\/p>\n<p><strong>Company Law in Business Law<\/strong><\/p>\n<p><strong>Competition Law in Business Law<\/strong><\/p>\n<p><strong>Conciliatory Law in Business Law<\/strong><\/p>\n<p><strong>Condition Precedent in Business Law<\/strong><\/p>\n<p><strong>Consent in Business Law<\/strong><\/p>\n<p><strong>Consideration in Business Law<\/strong><\/p>\n<p><strong>Consumer in Business Law<\/strong><\/p>\n<p><strong>Consumer dispute in Business Law<\/strong><\/p>\n<p><strong>Consumer forum in Business Law<\/strong><\/p>\n<p><strong>Contingency in Business Law<\/strong><\/p>\n<p><strong>Contingent Contract in Business Law<\/strong><\/p>\n<p><strong>Contract in Business Law<\/strong><\/p>\n<p><strong>Contracts and Capacity of Parties in Business Law<\/strong><\/p>\n<p><strong>Contracts Consideration in Business Law<\/strong><\/p>\n<p><strong>Contribution in Business Law<\/strong><\/p>\n<p><strong>Contributories in Business Law<\/strong><\/p>\n<p><strong>Corporate Veil in Business Law<\/strong><\/p>\n<p><strong>Corporations in Business Law<\/strong><\/p>\n<p><strong>Creditors in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"d-letter-terms\">D<\/a><\/strong><\/h3>\n<p><strong>Damages in Business Law<\/strong><\/p>\n<p><strong>Debenture in Business Law<\/strong><\/p>\n<p><strong>Debt factoring in Business Law<\/strong><\/p>\n<p><strong>Defect in Business Law<\/strong><\/p>\n<p><strong>Derivative Action in Business Law<\/strong><\/p>\n<p><strong>Designated Member in Business Law<\/strong><\/p>\n<p><strong>Director in Business Law<\/strong><\/p>\n<p><strong>Directors Duties in Business Law<\/strong><\/p>\n<p><strong>Discharge in Business Law<\/strong><\/p>\n<p><strong>Disclosure in Business Law<\/strong><\/p>\n<p><strong>Dividend in Business Law<\/strong><\/p>\n<p><strong>Drag Along in Business Law<\/strong><\/p>\n<p><strong>Due Diligence in Business Law<\/strong><\/p>\n<p><strong>Duress in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"e-letter-terms\">E<\/a><\/strong><\/h3>\n<p><strong>Employee in Business Law<\/strong><\/p>\n<p><strong>Employer in Business Law<\/strong><\/p>\n<p><strong>Environmental clearance in Business Law<\/strong><\/p>\n<p><strong>Equity Shares in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"f-letter-terms\">F<\/a><\/strong><\/h3>\n<p><strong>Factory in Business Law<\/strong><\/p>\n<p><strong>Fiduciary Duties in Business Law<\/strong><\/p>\n<p><strong>Final Dividend in Business Law<\/strong><\/p>\n<p><strong>Fixed Charge in Business Law<\/strong><\/p>\n<p><strong>Floating Charges in Business Law<\/strong><\/p>\n<p><strong>Force Majeure in Business Law<\/strong><\/p>\n<p><strong>Formation and Incorporation of a Company in Business Law<\/strong><\/p>\n<p><strong>Fraud in Business Law<\/strong><\/p>\n<p><strong>Free Consent in Business Law<\/strong><\/p>\n<p><strong>Freehold in Business Law<\/strong><\/p>\n<p><strong>Frustration in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"g-letter-terms\">G<\/a><\/strong><\/h3>\n<p><strong>General Insurance in Business Law<\/strong><\/p>\n<p><strong>General Meetings in Business Law<\/strong><\/p>\n<p><strong>Good Faith in Business Law<\/strong><\/p>\n<p><strong>Good Will in Business Law<\/strong><\/p>\n<p><strong>Goods in Business Law<\/strong><\/p>\n<p><strong>Guarantee in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"h-letter-terms\">H<\/a><\/strong><\/h3>\n<p><strong>Hazardous processes in Business Law<\/strong><\/p>\n<p><strong>Health and safety measures in Business Law<\/strong><\/p>\n<p><strong>Holding Company in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"i-letter-terms\">I<\/a><\/strong><\/h3>\n<p><strong>Incorporation in Business Law<\/strong><\/p>\n<p><strong>Indemnity in Business Law<\/strong><\/p>\n<p><strong>Industrial dispute in Business Law<\/strong><\/p>\n<p><strong>Injunction in Business Law<\/strong><\/p>\n<p><strong>Inspector in Business Law<\/strong><\/p>\n<p><strong>Insurance in Business Law<\/strong><\/p>\n<p><strong>Insurance Agent in Business Law<\/strong><\/p>\n<p><strong>Insurance Contract in Business Law<\/strong><\/p>\n<p><strong>Insurance Regulatory and Development Authority (IRDA) in Business Law<\/strong><\/p>\n<p><strong>Insured person in Business Law<\/strong><\/p>\n<p><strong>Interim Dividend in Business Law<\/strong><\/p>\n<p><strong>Intoxication in Business Law<\/strong><\/p>\n<p><strong>IRDA in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"j-letter-terms\">J<\/a><\/strong><\/h3>\n<p><strong>Joint and Several Liability in Business Law<\/strong><\/p>\n<p><strong>Joint Venture in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"l-letter-terms\">L<\/a><\/strong><\/h3>\n<p><strong>Law of Contracts in Business Law<\/strong><\/p>\n<p><strong>Law of Insurance in Business Law<\/strong><\/p>\n<p><strong>Leveraged Finance in Business Law<\/strong><\/p>\n<p><strong>Liability Insurance in Business Law<\/strong><\/p>\n<p><strong>Licence (property) in Business Law<\/strong><\/p>\n<p><strong>Limited Liability in Business Law<\/strong><\/p>\n<p><strong>Limited Liability Partnership in Business Law<\/strong><\/p>\n<p><strong>Liquidator in Business Law<\/strong><\/p>\n<p><strong>Lockout in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"m-letter-terms\">M<\/a><\/strong><\/h3>\n<p><strong>Majority Shareholder in Business Law<\/strong><\/p>\n<p><strong>Mediation in Business Law<\/strong><\/p>\n<p><strong>Member in Business Law<\/strong><\/p>\n<p><strong>Memorandum of Association in Business Law<\/strong><\/p>\n<p><strong>Mental Incapacity in Business Law<\/strong><\/p>\n<p><strong>Minimum wages in Business Law<\/strong><\/p>\n<p><strong>Minority Shareholder in Business Law<\/strong><\/p>\n<p><strong>Minors in Business Law<\/strong><\/p>\n<p><strong>Misrepresentation in Business Law<\/strong><\/p>\n<p><strong>Mistake in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"n-letter-terms\">N<\/a><\/strong><\/h3>\n<p><strong>Negotiable Instrument in Business Law<\/strong><\/p>\n<p><strong>Negotiable Instruments Act in Business Law<\/strong><\/p>\n<p><strong>Non-Disclosure Agreement in Business Law<\/strong><\/p>\n<p><strong>Novation in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"o-letter-terms\">O<\/a><\/strong><\/h3>\n<p><strong>Object Clause in Business Law<\/strong><\/p>\n<p><strong>Offer in Business Law<\/strong><\/p>\n<p><strong>Office-bearer in Business Law<\/strong><\/p>\n<p><strong>Official Receiver in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"p-letter-terms\">P<\/a><\/strong><\/h3>\n<p><strong>Partnership in Business Law<\/strong><\/p>\n<p><strong>Partnership Agreement in Business Law<\/strong><\/p>\n<p><strong>Past Consideration in Business Law<\/strong><\/p>\n<p><strong>Penalty in Business Law<\/strong><\/p>\n<p><strong>Performance of Contract in Business Law<\/strong><\/p>\n<p><strong>Pledge in Business Law<\/strong><\/p>\n<p><strong>Policy in Business Law<\/strong><\/p>\n<p><strong>Pollutant in Business Law<\/strong><\/p>\n<p><strong>Pollution Control Act in Business Law<\/strong><\/p>\n<p><strong>Pollution control board in Business Law<\/strong><\/p>\n<p><strong>Pre-emption in Business Law<\/strong><\/p>\n<p><strong>Pre-Existing Duty Rule in Business Law<\/strong><\/p>\n<p><strong>Preference Shares in Business Law<\/strong><\/p>\n<p><strong>Preferential Creditors in Business Law<\/strong><\/p>\n<p><strong>Premium in Business Law<\/strong><\/p>\n<p><strong>Principal in Business Law<\/strong><\/p>\n<p><strong>Professional negligence in Business Law<\/strong><\/p>\n<p><strong>Promissory Estoppel in Business Law<\/strong><\/p>\n<p><strong>Promissory Note in Business Law<\/strong><\/p>\n<p><strong>Promoter in Business Law<\/strong><\/p>\n<p><strong>Property Insurance in Business Law<\/strong><\/p>\n<p><strong>Prospectus in Business Law<\/strong><\/p>\n<p><strong>Proxy in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"q-letter-terms\">Q<\/a><\/strong><\/h3>\n<p><strong>Quantum Meruit in Business Law<\/strong><\/p>\n<p><strong>Quasi Contract in Business Law<\/strong><\/p>\n<p><strong>Quorum in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"r-letter-terms\">R<\/a><\/strong><\/h3>\n<p><strong>Receivership in Business Law<\/strong><\/p>\n<p><strong>Recognition of trade unions in Business Law<\/strong><\/p>\n<p><strong>Refinancing in Business Law<\/strong><\/p>\n<p><strong>Registered Office Clause in Business Law<\/strong><\/p>\n<p><strong>Registered trade union in Business Law<\/strong><\/p>\n<p><strong>Remedies for Breach of Contract in Business Law<\/strong><\/p>\n<p><strong>Remuneration in Business Law<\/strong><\/p>\n<p><strong>Rescission in Business Law<\/strong><\/p>\n<p><strong>Resolutions in Business Law<\/strong><\/p>\n<p><strong>Restitution in Business Law<\/strong><\/p>\n<p><strong>Restrictive covenants (employment\/corporate) in Business Law<\/strong><\/p>\n<p><strong>Restrictive covenants (land) in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"s-letter-terms\">S<\/a><\/strong><\/h3>\n<p><strong>Sale in Business Law<\/strong><\/p>\n<p><strong>Sale of Goods Act in Business Law<\/strong><\/p>\n<p><strong>Scheduled employment in Business Law<\/strong><\/p>\n<p><strong>Securities in Business Law<\/strong><\/p>\n<p><strong>Share Capital in Business Law<\/strong><\/p>\n<p><strong>Share Certificate in Business Law<\/strong><\/p>\n<p><strong>Share Option Scheme in Business Law<\/strong><\/p>\n<p><strong>Share Sale in Business Law<\/strong><\/p>\n<p><strong>Shareholder in Business Law<\/strong><\/p>\n<p><strong>Shareholder\u2019s Agreement in Business Law<\/strong><\/p>\n<p><strong>Shareholders in Business Law<\/strong><\/p>\n<p><strong>Small Self-Administered Scheme in Business Law<\/strong><\/p>\n<p><strong>Special Purpose Vehicle (SPV) in Business Law<\/strong><\/p>\n<p><strong>Specific Performance in Business Law<\/strong><\/p>\n<p><strong>Stamp Duty in Business Law<\/strong><\/p>\n<p><strong>Stock Transfer Form in Business Law<\/strong><\/p>\n<p><strong>Strict Performance in Business Law<\/strong><\/p>\n<p><strong>Strike in Business Law<\/strong><\/p>\n<p><strong>Subsidiary in Business Law<\/strong><\/p>\n<p><strong>Substantial Performance in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"t-letter-terms\">T<\/a><\/strong><\/h3>\n<p><strong>Tag Along in Business Law<\/strong><\/p>\n<p><strong>The Consumer Protection Act in Business Law<\/strong><\/p>\n<p><strong>The Employees\u2019 State Insurance Act in Business Law<\/strong><\/p>\n<p><strong>The Factories Act in Business Law<\/strong><\/p>\n<p><strong>The Industrial Disputes Act in Business Law<\/strong><\/p>\n<p><strong>The Minimum Wages Act in Business Law<\/strong><\/p>\n<p><strong>The Trade Unions Act in Business Law<\/strong><\/p>\n<p><strong>Time of Performance in Business Law<\/strong><\/p>\n<p><strong>Trade union in Business Law<\/strong><\/p>\n<p><strong>Traded Endowment Policy in Business Law<\/strong><\/p>\n<p><strong>Transfer of Undertakings (Protection of Employment) \u201cTUPE\u201d in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"u-letter-terms\">U<\/a><\/strong><\/h3>\n<p><strong>Ultra Vires in Business Law<\/strong><\/p>\n<p><strong>Undue Influence in Business Law<\/strong><\/p>\n<p><strong>Unfair Dismissal in Business Law<\/strong><\/p>\n<p><strong>Unfair Prejudice in Business Law<\/strong><\/p>\n<p><strong>Unfair trade practice in Business Law<\/strong><\/p>\n<p><a href=\"#terms_index\">Go to Top<\/a><\/p>\n<p><\/p>\n<h3><strong><a id=\"w-letter-terms\">W<\/a><\/strong><\/h3>\n<p><strong>Wager in Business Law<\/strong><\/p>\n<p><strong>Wagering Contract in Business Law<\/strong><\/p>\n<p><strong>Warranties in Business Law<\/strong><\/p>\n<p><strong>Warranty in Business Law<\/strong><\/p>\n<p><strong>Welfare measures in Business Law<\/strong><\/p>\n<p><strong>Winding up in Business Law<\/strong><\/p>\n<p><strong>Winding up of a Company in Business Law<\/strong><\/p>\n<p><strong>Workmen in Business Law<\/strong><\/p>\n<p><strong>Wrongful Dismissal in Business Law<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Important definitions and terminologies used in Business Law A B C D E F G H I J L M N O P Q R S T U W A Acceptance in Business Law Actual Authority in Business Law ADR in Business Law Agent in Business Law Alternative Dispute Resolution (ADR) in Business Law Antecedent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-121910","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Law Glossary - Tutorial<\/title>\n<meta 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