Business Law GLOSSARY
Glossary of Business Law Terms
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Warranty: A written statement stating good quality
merchandise, clear title to real estate or that a fact stated in a
contract is true.
Whistleblower: The term for an employee who "blows the
whistle" on an employer. In other words, an employee is reporting to
the authorities an employer's illegal action or practice.
Whistleblowers are entitled to a number of protections under state
and federal law.
Winding Up: The process of paying creditors and
distributing assets that occurs before the dissolution of a
Witness: One who testifies at a trial or a deposition.
Written Consent: A document executed by either the
shareholders or directors of a corporation in lieu of a formal
Wrongful Death Statues: Laws giving the family members of
a deceased a cause of action if the death of their loved one
resulted because of another's negligence.