“Aleatory” means that something is dependent on an uncertain event, a chance occurrence. Aleatory is used primarily as a descriptive term for insurance contracts. An aleatory contract is a contract where performance of the promise is...
COMMERCE
algorithm
An algorithm is a set of rules or a computational procedure that is typically used to solve a specific problem. In the case of Vidillion, Inc. v. Pixalate Inc. an algorithm is defined as “one or more process(es), set of rules, or methodology...
alienable
Alienable means transferable.
An interest in property is alienable if it may be conveyed by one party to another. In general, all private property is alienable unless some contractual, common law, or statutory restriction...
alluviation
Alluviation is the gradual shifting of land boundaries caused by the depositing of gravel and sediment by a moving body of water. Alluvion is the actual sediment deposited on the land (e.g. a bank or shore). Under common law, land altered by...
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,...
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...
alternative dispute resolution - state statutes
alternative reproductive technology (ART)
Alternative reproductive technology (ART), also known as assisted reproductive technology, can be defined as an alternative to traditional reproduction, used by persons who are infertile. It is also a term that encompasses in vitro...
ambiguity
Ambiguity means language in an agreement has more than one meaning. Cases such as this one from New York explain that ambiguity in the context of a contract is defined as “whether a reasonably intelligent person looking at the contract...
ameliorative waste
Ameliorative waste refers to modifications that increase the value of property made by a tenant who failed to obtain the landowner or future interest holder’s permission. Ameliorative waste differs from permissive waste and voluntary waste,...