wex articles

Definition

(CFR) The codification of federal regulations established by [[USC:44:1510|44 U.S.C. § 1510]].

Foreign direct investment: an overview

The International Monetary Fund (“IMF”) defines foreign direct investment (“FDI”) as a “cross-border investment” in which an investor that is “resident in one economy [has] control or a significant degree of influence on the management of an enterprise that is resident in another economy.” IMF, Balance of Payments and International Investment Position Manual 100 (6th ed. 2009).

Endangered Species Act (7 U.S.C. § 136, 16 U.S.C. § 1531 et seq.)

Overview

Definition

The Supreme Court case that reaffirmed the aspect of Roe v. Wade (1973) that prohibited states from disallowing abortion prior to viability.

Definition

The Supreme Court case that held that the Constitution protected a woman’s right to an abortion prior to the viability of the fetus; thus, government regulation of abortions must meet strict scrutiny in judicial review.

Overview

The case involved a Texas statute that categorically prohibited abortion except where to save the life of the pregnant woman. The Supreme Court, in a decision written by Justice Blackmun, recognized a privacy interest in abortions.

Definition:

The Supreme Court case, since overturned by Brown v. Board of Education (1954), which upheld the constitutionality of “separate, but equal facilities” based on race.

Overview:

Louisiana had adopted a law in 1890 that required railroad companies to provide racially segregated accommodations.

Definition

A form of whole life insurance that combines aspects of universal life insurance and variable life insurance and provides for a death benefit and accrues cash value on a tax-deferred basis. Variable universal life insurance ("VUL") policies allow for flexibility in premiums, death benefits, and investment options.

Definition

A federal anti-monopoly and anti-trust statute, passed in 1890 as 15 U.S.C. §§ 1-7 and amended by the Clayton Act in 1914 (15 U.S.C.

Definition

1) To leave or vacate real property. A landlord generally must give his or her tenant notice to quit the premises. 

2) To cease doing something.

Illustrative caselaw

See, e.g. Levis v. Kengla, 169 U.S. 234 (1898).

See also

• 30-day notice

• Cure or quit

Definition

A standard form contract drafted by one party (usually a business with stronger bargaining power) and signed by the weaker party (usually a consumer in need of goods or services), who must adhere to the contract and therefore does not have the power to negotiate or modify the terms of the contract. Adhesion contracts are commonly used for matters involving insurance, leases, deeds, mortgages, automobile purchases, and other forms of consumer credit.