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business cycle.The recurrent expansion and contraction of economic activity.[Blacks Law 8th]

business court.See COURT. [Blacks Law 8th]

business corporation.See CORPORATION. [Blacks Law 8th]

business compulsion.See economic duress under DURESS. [Blacks Law 8th]

business combination. 1. The consolidation, for accounting purposes, of a corporation and one or more incorporated or unincorporated businesses. 2. The two entities considered as one entity for accounting purposes.[Blacks Law 8th]

business associations.See BUSINESS ENTERPRISES. [Blacks Law 8th]

business agent. 1. See managing agent under AGENT. 2. A labor-union representative selected to deal with employers.[Blacks Law 8th]

business. 1. A commercial enterprise carried on for profit; a particular occupation or employment habitually engaged in for livelihood or gain. 2. Commercial enterprises <business and academia often have congruent aims>.3. Commercial transactions <the company has never done business in Louisiana>. See DOING BUSINESS. 4. By extension, transactions or matters of a noncommercial nature <the…

Bush doctrine.The policy announced by President George W. Bush after the September 11, 2001 attacks on the World Trade Center and the Pentagon, to the effect that nations harboring terrorists will be treated as terrorists themselves and may be subject to a first-strike strategy. Cf. SOVEREIGN EQUALITY .[Blacks Law 8th]

bursting-bubble theory.Evidence. The principle that a presumption disappears once the presumed facts have been contradicted by credible evidence. [Cases: Evidence  85, 89. C.J.S. Evidence §§ 131, 135, 152–156, 160.][Blacks Law 8th]