dictionary

I. OVERVIEW OF COMMON LAW.

The term employee refers to a person who is hired by a contract of service to perform certain duties for another person, called the employer.

A. DEFINITIONS.

A crime is an act in violation of some existing prohibitory statute and the common morality of the country. An individual cannot compromise a criminal wrong, for crime is a matter for the state to settle. Crimes may be classified as felonies, or more serious offenses, and misdemeanors, or less serious offenses, but the distinction is largely an arbitrary one.

I. GENERAL LAW REGARDING CORPORATIONS.

NOTE: MANY FORMS REGARDING BUSINESS CORPORATIONS, NON-PROFIT CORPORATIONS, AND RELATED FILINGS ARE AVAILABLE FROM THE BUSINESS REGISTRY OF THE CORPORATION DIVISION, OREGON SECRETARY OF STATE "fax-back." CALL (503) 986-2200.

SEE ORS CH 62 FOR CURRENT STATUTES REGARDING PRIVATE CORPORATIONS; ORS CH 65 FOR NONPROFIT CORPORATIONS; ORS CH 63 FOR COOPERATIVES; AND ORS CH 63 FOR LIMITED LIABILITY COMPANIES.

II. KINDS OF CORPORATIONS.

A corporation is a group of persons empowered to act as a single individual, and treated by the law as a single legal "person," distinct from such individuals in most respects.
The existence of this corporate person is shown in the form of a state-issued "charter," or filing record, and other formalities.

1. Definition.

A quasi contract may be defined as a contract implied in law, or in the nature of a contract. It is a legal obligation resulting from some direct or indirect benefit accruing to one party from the other. Even without any express agreement on the part of the first party, the law compels him or her to pay. For example:

2. One who has reason to believe that payment for goods tendered is expected must not accept them unless he intends to pay for them. If he accepts the goods, he can be compelled to pay for them.

I. DEFINITIONS.

A. CONTRACT DEFINED.

A contract in the modern sense has been defined as an agreement containing a promise enforceable in law. The agreement must be mutual, between two or more competent parties for a valuable consideration, and may be to do or not to do a particular thing. A simple contract may or may not be in writing and requires no seal. An analysis of this definition will show its scope and limitation.

I. DEFINITIONS.

A carrier is a person or company that undertakes, or is in the business of transporting persons or merchandise for hire. Carriers are of two kinds, private and common.

I. GENERAL.

A. DEFINITIONS.

A broker is a middle person or negotiator between parties. He or she conducts transactions in a specialized field, but the broker does not have custody of the property. The person who employs a broker is called the principal. Brokerage is the fee charged by a broker for transacting business.

I. DEFINITIONS.

A bond is a certificate of obligation, usually an evidence of debt. It is a form of contract that is almost infinite in variety. The parties to the bond are the obligor and the obligor. The obligee is the one who makes the promise and the obligor is the person to whom the promise is made.

REQUIRMENTS FOR A VALID "BELO CONTRACT" UNDER THE FEDERAL FAIR LABOR STANDARDS ACT