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Most Popular Legal Definitions
succession
The statutory rules of inheritance of a dead
person's estate when the property is not given by the terms of a will, also
called laws of "descent and distribution."
stockholder
shareholder in a corporation
bulk sales act
state laws which require a seller of the business including his/her inventory to
a) publish notice of the sale b) give written notice to all creditors c) set up
an escrow of the funds realized from the sale upon which the creditors can make
a claim for a brief period of time; these statutes are intended to prevent a
merchant from quietly selling his/her business inventory and disappearing
without paying current creditors
parol evidence rule
Verbal evidence is inadmissible to vary or
contradict the terms of a written agreement.
motor vehicle
any self-propelled vehicle including trucks, cars, motorcycles, etc.; does not
extend to vehicles that operate on rails
non-suit
A ruling by the judge in a lawsuit that terminates the trial at that point and
results in a dismissal of the plaintiff's case and judgment for the defendant.
child custody
court's determination of which parent, relative, or other adult should have
physical and/or legal control and responsibility for a minor (child) under 18
proof of common form
An approval of an uncontested will by the court, subject to subsequent
contest.
quasi-judicial
Administrative tribunals or government officials
who are subject tot he rules of natural justice.
interlocutory injunction
A temporary injunction; which lasts only until
the end of the trial during which it was sought.