Regulatory Compliance: Glossary Flashcards Preview

MOR 260: National Board Exam Review > Regulatory Compliance: Glossary > Flashcards

Flashcards in Regulatory Compliance: Glossary Deck (357)
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1

A proportional reduction of a legacy under a will when assets out of which such legacy are payable are not sufficient to pay it in full

Abatement

2

An agreement to an offer resulting in a contract

Acceptance

3

An agreement made and executed in satisfaction of the rights one has from a previous contract

Accord and satisfaction

4

The physical possession of the dead human body

Actual custody of the body

5

The extinction or withdrawal of a legacy under a will by an act equivalent to revocation

Ademption

6

An appointed governmental body charged with implementing particular legislation

Administrative agency

7

The body of law created by Federal and State administrative agencies to implement their powers and duties in the form of rules, regulations, orders, and decisions

Administrative law

8

* OSHA
* FTC
* State board rules

Administrative law

9

A man who has been appointed by the court to settle an estate

Administrator

10

A woman who has been appointed by the court to settle an estate

Administratrix

11

The party appointed by the principal to enter into a contract with a third party on behalf of the principal

Agent

12

Those drivers under the directions and control of a funeral director who is liable for their actions

Agent driver

13

One that is incorporated in a foreign country

Alien corporation

14

A federal statute prohibiting discrimination against the disabled in employment, public transportation, telecommunications services, and public accommodations and services operated by private entities

Americans with Disabilities Act (ADA)

15

Official document detailing a defendant's defense

Answer

16

Laws which seek to promote competition among businesses

Antitrust

17

Court hearing cases appealed from lower courts

Appellate court

18

A person engaged in learning the practice of funeral directing and/or embalming under instruction, direction, or personal supervision of a duly licensed funeral director and/or embalmer

* Apprentice
* Intern
* Resident trainee

19

Charging a person with a crime and asking for that person's plea

Arraignment

20

To take into police custody

Arrest

21

The party to whom the assignment is made

Assignee

22

A means whereby one party conveys rights to another person who is not a party to the original contract

Assignment

23

The party making the assignment

Assignor

24

Power to act for someone else

Authority

25

The party who acquires possession but not the title of personal property in a bailment

Bailee

26

The transfer of possession but not the title of personal property by one party to another, under agreement

Bailment

27

The party who gives up possession, but not title, of property in a bailment

Bailor

28

A person in possession of an instrument

Bearer

29

A commercial paper payable to bearer

Bearer paper

30

Example: to the person having possession of such

Bearer paper

Decks in MOR 260: National Board Exam Review Class (42):