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Most Popular Legal Definitions
good faith
having no intention to commit fraud or act
dishonestly
bankruptcy
federal system of statutes and courts which permits persons and businesses which
are insolvent (debtors) or (in some cases) face potential insolvency, to place
their financial affairs under the control of the bankruptcy court; the procedure
is that when the debtor's debts exceed their assets or ability to pay, the
debtor can file a petition with the bankruptcy court for voluntary bankruptcy or
the debtor's unpaid creditors can file an "involuntary" petition to force the
debtor into bankruptcy, although voluntary bankruptcy is far more common
forgery
The creation of a false document knowing it to
be false with the intent that it should be used as genuine to the prejudice of
another.
ultimate fact
In a trial, a conclusion of fact which is
logically deduced from evidence.
Zone or zoning
The area of
demand letter
a letter from a lawyer, on behalf a client, that demands payments or some other
action, which is allegedly due or in default
summation
the final argument of an attorney at the close of a trial in which he or she
attempts to convince the judge of the virtues of the client's case.
escrow
When the performance of something is pending and a third party holds onto money
or a written document until certain conditions are met between the two
contracting parties
specific deterrence
Deterrence, as an objective of sentencing, which is fit to a particular
offender.
bottomry
1) The criminal act of entering a residence or other enclosed property through
the slightest amount of force without authorization. If there is intent to
commit a crime, this is burglary.