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Most Popular Legal Definitions
express trust
A trust which is created by the settlor, usually in the form of a document,
although it can be oral.
statute of frauds
A statute that set a minimum standard for enforceable contracts, usually
requiring at a minimum something in writing or the actual exchange of reciprocal
obligations, at least in part.
prorogation
To end a session of a Parliament, and all business then on the agenda, until it
is summoned to reconvene.
limited partnership
A partnership with at least one general partner and a limited partner.
co-operative
a group of people formed as a separate organization and which has as a stated
purpose either in regards to the public at-large or in regards to the common
interests of the members
indefeasible
Not to be annulled or made void; not
forfeitable.
mutual
referring to anything in which both parties have reciprocal rights,
understanding, or agreement.
fair market value
The hypothetical probable price that could be
obtained for a property.
license
A special permission given to do something on, or with, somebody's property.
amnesty
blanket abolition of an offense by the government, resulting in the removal of
charges or convictions