Business Law GLOSSARY
Glossary of Business Law Terms
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Mental Anguish: Mental suffering. In some cases, damages
may be awarded for mental anguish even though no physical injury is
Mercantile Law: Broad area of the law (also called
commercial law), statutes, cases and customs which deal with trade,
sales, buying, selling, transportation, contracts and all forms of
Merger: The joining together of two corporations in which
one corporation transfers all of its assets to the other, which
continues to exist.
Minimum Wage: The set minimum hourly rate that employers
in certain industries are required by law to pay their employees.
Mitigation: Action by an employee that will reduce the
amount of damages resulting from an unlawful employment practice,
i.e., obtaining new employment after a wrongful termination.
Monopoly: A business or inter-related group of businesses
which controls so much of the production or sale of a product or
kind of product as to control the market, including prices and
Motion: An application to the court requesting an order or
rule in favor of the applicant.