Skip to main content

COMMERCE

alcohol

Alcohol is a class of chemical compounds consumed as a liquid by individuals for its intoxicating effect or used in industrial projects for its other unique properties. 

Absent any specific regulation, alcohol is treated like all other forms of personal property. However, the general rights of property are subject to the police power regulations of the state, local, and federal governments. 

alter ego

Alter ego is a legal doctrine whereby the court finds that a corporation lacks a separate identity from an individual or corporate shareholder. The court applies this rule to ignore the corporate status of a group of stockholders, officers, and directors of a corporation with respect to their limited liability.

alternate beneficiary

An alternate beneficiary is someone who will benefit from or gain ownership of property only if the primary beneficiary is unable or unwilling to take ownership. An alternative beneficiary in property law arises when someone bequests property to someone else, and if that person does not want or is unable to accept the property, the property can be willed to a designated alternative beneficiary.

alternative reproductive technology (ART)

Alternative reproductive technology (ART), also known as assisted reproductive technology, can be defined as an alternative to traditional reproduction. It is also a term that encompasses in vitro fertilization, sperm donation, ovum donation, and the use of a surrogate carrier.

Subscribe to COMMERCE