Jpmap3 Business Law Dictionary

Law Dictionary

Ordinance applies to an order governing some detail of procedure or conduct enforced by a limited authority such as a municipality. Regulation implies prescription by authority in order to control an organization or system.

Over 100 new entries have been added, including entries such as Article 50, Brexit, and the Consumer Rights Act 2016. In addition, there is a useful Writing and Citation Guide in the end matter that specifically addresses problems and established conventions for writing legal essays and reports.

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The chief obstacle to such a law in the first part of the twentieth century was opposition from settlers and farmers. The uncertain category of “quasi-corporations” is another good example of just how differentiated and unsystematic the law of associations could be. The stories revealed laws of mental functioning that, he assumed, would ultimately be traced to neural mechanisms. This study was in compliance with all applicable laws and regulations. According to the laws of physics this would not be possible. The first law of thermodynamics says that energy is conserved in any process involving a thermodynamic system and its surroundings. Vendors have informal laws of their own about client-stealing.

Sentencing guidelines A set of rules and principles established by the United States Sentencing Commission that trial judges use to determine the sentence for a convicted defendant. Secured creditor A secured creditor is an individual or business that holds a claim against the debtor that is secured by a lien on property of the estate. The property subject to the lien is the secured creditor’s collateral.

A preliminary injunction often is issued to allow fact-finding, so a judge can determine whether a permanent injunction is justified. Read more about legal dictionary here. Executory contracts Contracts or leases under which both parties to the agreement have duties remaining to be performed. If a contract or lease is executory, a debtor may assume it or reject it . Dismissal with prejudice Court action that prevents an identical lawsuit from being filed later. Dischargeable debt A debt for which the Bankruptcy Code allows the debtor’s personal liability to be eliminated. Deposition An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.

Constitution, U.S. laws, rules or regulations, or a treaty signed by the U.S., and the federal courts have exclusive jurisdiction, then the case must be litigated in federal court. A legal dictionary contains the definitions of legal terms taken from a variety of sources.

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There is also the continuing failure of law enforcement to control illegal harvesting, under-reporting and smuggling of the timber. The laws of good business say you shake hands and make eye contact when you leave. Even the most powerful people have a duty to obey the law. Checks will be processed more quickly, thanks to a federal law allowing banks to use electronic images of checks. Several law enforcement officers were sent to Mexico to bring the prisoner back.

Examples of law in a Sentence

If you have it, consider whether the benefits will be taxable or tax-free. That can make a big difference in how far the payments go. GettyWhat is taxed and what isn’t can be confusing. In the case of disability pay, whether it is taxed or not usually depends on who paid for the disability insurance coverage.

Voir dire Jury selection process of questioning prospective jurors, to ascertain their qualifications and determine any basis for challenge. Venue The geographic area in which a court has jurisdiction.