1) In trusts and estates law, assets produced by a devised asset after the execution of a will.
2) In secured transactions law, goods that physically united with other goods in a way that doesn't lose the identity of the original goods...
1) In trusts and estates law, assets produced by a devised asset after the execution of a will.
2) In secured transactions law, goods that physically united with other goods in a way that doesn't lose the identity of the original goods...
An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement. An accord and satisfaction differs from a...
Account stated refers to a document summarizing the amount a debtor owes a creditor, and account stated is a cause of action in many states that allows a creditor to sue for payment. In many business contexts, creditors and debtors have lots...
Accounts payable is short-term debt that a company owes to its suppliers for products received before a payment is made. Accounts payable may be abbreviated to “AP” or “A/P.” Accounts payable may also refer to a business department of a...
Under federal law, an accredited investor is a special kind of investor that due to certain special circumstances or qualities - as the ones indicated in Rule 501 of Regulation D - is allowed to purchase or be offered to purchase unregistered...
Accrue means:
the accumulation of interest, income, or expenses. when a legal cause of action or legal claim comes into existence. The U.S. Supreme Court in Wallace v. Kato, 549 U.S. 384, 388 (2007), stated that a claim accrues “...Accumulated Earnings represent a company’s net profit after having distributed dividends to the stockholders. It is a term that is often used in accounting to determine how much net profits a company has left after having paid dividends. In...
In tort law, actual damages is a type of damages which refers to compensation awarded by a court in response to a loss suffered by a party.
The Supreme Court held in Birsdall v. Coolidge, 93 U.S. 64 (1876) that the phrases "compensatory...
An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the...
A standard-form contract drafted by one party and signed by another in a weaker position. The signing party is typically a consumer with little commercial leverage, and must either reject the deal or accept it with little chance to influence the terms...