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Business Liability and Economic Damages by Scott D. Gilbert

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Glossary

antitrust case A lawsuit in which a business or businesses are accused of economic harm due to excessive or unfair influence on market outcomes.

arbitration Dispute resolution facilitated by a neutral binding third party.

back pay In employment law, back pay concerns the amount of labor earnings that a person could reasonably earn in the past.

bench trial A trial with a judge but no jury.

breach of contract One party’s wrongful harm to another caused by failure to uphold a business contract between them, for which courts provide a remedy.

business liability Debts or other obligations owed by a business to an individual, a group, or an organization.

cause in fact In a court case, a cause in fact is the exclusive and conclusive cause ...

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