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Most Popular Legal Definitions
at will employment
provision found in many employment contracts
which suggest the employees works at the will of the employer; employers insert
in order to avoid claims of termination in breach of contract, breach of the
covenant of good faith and fair dealing, or discrimination.
condition precedent
contractual condition that suspends the coming into effect of a contract unless
or until a certain event takes place
offer
An explicit proposal.
indictment
The document by which the state sets out the claim that a person has committed a
crime. It is on the basis of an indictment that an accused offender must stand
trial.
sue
to bring a case forward for legal proceedings to
recover certain rights or equitable recompense
savings and loan
A banking and lending institution, chartered either by a state or the federal
government. Savings and loans only make loans secured by real property from
deposits.
assigned risk
person whose official driving record is so poor that they cannot purchase
commercial auto insurance and must be assigned to a state operate or a
designated insurance program at high rates
exculpate
Something that excuses or justifies a wrong action
cestui que use
An old fashioned term for a person who benefits from assets held in a trust for
the beneficiary's use. The term "beneficiary" is now used instead.
inure
To take effect.