Statute of frauds is a statute requiring certain contracts to be in writing and signed by the parties bound by the contract. The purpose is to prevent fraud and other injury. The most common types of contracts to which the statute applies are...
commercial activities
statutory lien
Statutory lien is a category of liens that stem from statutes and do not depend on the common law or specific contractual provisions for their existence. Nevertheless, many statutory liens are codifications of liens that existed under the...
stipulation
Stipulation generally means an agreement, a bargain, proviso, or condition. If the stipulation complies with an applicable statute or rule of court, it will be binding. A stipulation could mean a fact, promise, or provision in a contract...
stock
A stock is the share in the ownership of a corporation. Commonly the ownership of a corporation is divided into shares of a definite value, like 10 dollars per share. The charter of the company will define how many shares and classes of...
stock certificate
A stock certificate is a printed certificate issued by a corporation to a shareholder, documenting ownership in a stated number of shares of that corporation's stock. It must be noted that generally the courts consider stock certificates...
stock dividend
A Stock dividend refers to corporate dividends compensating shareholders or employees in the form of stocks instead of money. Companies issue stock dividends typically in the form of a certain percentage per share. For example, a company may...
stock in trade
Stock in trade may be used to refer to the inventory held by a business for sale in the ordinary course of business, or the equipment, materials, and tools required for the performance of a trade (tools of trade).
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stock option
A stock option is a contract that allows a person to buy a specific number of stock/shares of a company, at a specific price (known as the exercise price or strike price) for a set time period in the future. The price is typically determined...
stock purchase agreement
A stock purchase agreement is a contract under which a seller transfers stock of a corporation to a buyer.
Although the content of a stock purchase agreement may vary in complexity depending on the sophistication of the...
stockholder
A stockholder, also called a shareholder, is a person who owns stock in a corporation.
The stockholder has several rights; including the right to vote for board members, the right of receiving interest and dividends from...