Business Law Glossary: M
Mental Anguish: Mental suffering. In some cases, damages may be awarded for mental anguish even though no physical injury is present.
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 business transactions.
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 distribution.
Motion: An application to the court requesting an order or rule in favor of the applicant.
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