A promissory note is an unconditional promise to pay a certain amount of money to a named party or the holder of the note, or to deposit that money as such persons direct. A promissory note must be in writing and signed by the maker of the...
contracts
protocol
A protocol is:
a collection of rules controlling the treatment and, in particular, the formatting of data in an electronic communications system.
a summary...
proviso
A clause in a legal instrument, such as a contract, deed, or statute, requiring that something must occur or not occur before another part of the agreement, or the entire legal instrument itself, can become valid. The word comes from the Mediaeval...
public market
Public market is the exchange where a public company’s securities are traded. A company must first conduct an initial public offering (IPO) to offer securities in the public market. They must also comply with the Exchange Act’s periodic...
puffery
Puffery is a commercial law term regarding an exaggerated description of a good or service. Also called puffing, dealer’s talk, or sales puffery, puffery intends to encourage the potential buyer to buy the product that is described. A puffery...
puffing
Puffing is a term in commercial law which means to convey an overstated belief about some good or service to a prospective buyer with the goal of making a sale of that good or service. This concept is distinct from fraud, in which someone...
purchase-money collateral
Purchase-money collateral refers to collateral that was purchased completely or in part by the debtor with the funds given to create a security interest in the collateral. For example, if a debtor granted an appliance store a security...
purchase-money security interest
Purchase-money security interest (PMSI) refers to security interests in purchase-money collateral. Purchase-money collateral is the collateral that was purchased completely or in part by the debtor with the funds given to create a security...
quantum meruit
Quantum meruit is Latin for "as much as one has deserved." Quantum meruit is an equitable remedy that provides restitution for unjust enrichment, often employed in contract law.
Quantum meruit damages are awarded in an...
quasi
The word quasi is Latin for “as if” meaning, almost alike but not perfectly alike. In law, it is used as a prefix or an adjective to inform some measure of similarity with a critical difference. A quasi-item is not an accurate example of the...