A sole proprietor is an individual who owns and operates a business alone, without any partners or co-owners. This type of business structure, known as a sole proprietorship, is the simplest form of business organization. The owner has...
business law
sole proprietorship
Sole proprietorship is a form of business entity in which one person owns all the assets and assumes all the debts of the business. It is also referred to as proprietorship or an individual proprietorship. The owner of the proprietorship is...
Southern Life & Health Ins. Co. v. Morgan
Southern Life & Health Ins. Co. v. Morgan, 21 Ala. App. 5 (Ala. Ct. App. 1925), is an Alabama Court of Appeals case that established that spouses can lose their rights in the honoring of the deceased if they do not act within a reasonable...
Specially Designated Nationals and Blocked Persons List
The Specially Designated Nationals and Blocked Persons List (SDN List) is a compilation maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). It includes individuals, entities, and organizations with...
specific performance
Specific performance is a contractual remedy in which a court orders a party to fulfill their obligations as closely as possible to what was promised in the contract, rather than simply paying damages for failing to do so. This remedy is...
sponsor
A sponsor refers to a person who takes the responsibility for another person or thing. The common uses of the term “sponsor” in a legal sense include:
In the context of legislation, a sponsor refers to a person who introduces or...sports law
Sports law encompasses a multitude of legal areas brought together in unique ways, such as antitrust, contracts, and torts.
Sports law can be roughly divided into the areas of amateur, professional, and international sports...
spot month
A spot month refers to the nearest delivery month for a futures contract. It is the month in which a futures contract matures and delivery is to be made if the contract is not closed out or rolled over to another month.
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squeeze-out
Squeeze-outs, more commonly called freeze-outs, are the forced sale of stock owned by minority shareholders in a joint-stock company, usually in the context of an acquisition.
State law governs squeeze-outs and requires...
stakeholder
In business law, a stakeholder is a party who has an interest and might be affected by the performance and outcome of an entity’s business, project, or enterprise. Common examples of some of a corporation’s stakeholders are shareholders,...