business law

warranty

Definition from Nolo’s Plain-English Law DictionaryA promise or assurance that may be express, implied by the circumstances, or implied by law. A warranty might be an express or implied statement that particular facts are true (for example, that...

warranty of fitness

Definition from Nolo’s Plain-English Law DictionarySee: implied warranty

Definition provided by Nolo’s Plain-English Law Dictionary.

warranty of merchantability

Definition from Nolo’s Plain-English Law DictionarySee: implied warranty

Definition provided by Nolo’s Plain-English Law Dictionary.

Watered stock

Definition

Stock that is sold with a face value that is much greater then its actual (market) value. While watered stock may appear to be a good value, due to corporation laws, the stock holder may be exposed to liability up to the face value (rather...

whistleblogger

Definition from Nolo’s Plain-English Law DictionaryA whistleblower who raises concerns about a company's misconduct or wrongdoing on a blog.

Definition provided by Nolo’s Plain-English Law Dictionary.

White-collar crime

Overview

White-collar crime generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain.

The following is an inclusive list of white-collar offenses : antitrust violations, bankruptcy...

Will Contract

Though transfers by will are normally donative, it is possible to use a will to form an obligatory, legally enforceable contract. A will contract is created when a promise is made and supported by consideration to leave property by will to the promisee...

Winding up

Definition

The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.

See: Dissolution of corporation.

Winding up a corporation

Definition

See: Dissolution of corporation.

Withdrawal of a corporation

Definition

See: Dissolution of corporation.

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