IB: Chapter 8-Legal Agreements Around the World

Throughout the world, most legal disputes have to be settled in court.

Democratic countries generally recognize the individual’s right to own property.

Statutes are usually passed in order to add to or change existing laws.

The type of legal system based on decisions made in prior cases is

Patents protect the rights of inventors to profit from their inventions.

Manufacturers are only liable for harm caused by their product if harm was intentionally caused

A contract is not enforceable if the terms of the contract call for breaking the law.

The term consideration used in regards to a contract means

A liability for unpaid wages that are due to an employee for work performed is an example of

Arbitration and mediation are usually faster and less expensive than litigation.

All of the following are essential components of a contract except

A person who makes duplicate copies of a DVD of a movie and then sells it would be violating a

A trademark protects the inventor of a product or process for 17 years.

The WIPO coordinates international treaties to protect patents, trademarks, and copyrights.

If you own a business, you are liable for the condition of the building.

The judicial systems in the United States and England are based on civil law.

To be in litigation is the same as being in arbitration.

All countries enforce international law.

Statutes are based on decisions made in previous legal cases.

Most countries have more than one court system.