A Legal Term Describing Goods or Money

The use of borrowed money to purchase real estate or business assets usually involving money equaling a high percentage of the value of the purchased property. The obligation to prove what is alleged.

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An advocate counsel or official agent employed in preparing managing and trying cases in court.

. A price agreed upon. There is an official form for this purpose Property of the estate. In sec 6 of the Act the existing goods are those goods which are in the legal possession or are owned by the seller at the time of the formulation of the contract of sale.

For the purposes of the law of Scotland goods are defined by the Act as all corporeal moveables. Examples of property which may be tangible or. By what warrant A request made to someone exercising some power to show by what legal right they are exercising that power.

Chose in action Evidence of a right to property but not the property itself. Many lawyers are now adopting a plain English style. But there are still legal phrases that baffle non-lawyers.

As a general rule all persons sui. Attorney-at-law is the official name for a lawyer in the United States. Legal jargon can be confusing and incomprehensible for many.

Adjudication - Judgment rendered by the court after a determination of the issues. A matter of contract wherein one party agrees to do something in return for something the other party agrees to give him such as money goods property etc. Money is a generally accepted recognized and centralized medium of exchange in an economy that is used to facilitate transactional trade for goods and services.

A receipt received by the shipper of goods from the carrier describing the type and quantity of goods being shipped the. The law can be complicated and it is often described in technical terminology that many people might find unfamiliar. Solicitors are the experts when it comes to the law and how it.

Action - Case cause suit or controversy disputed or contested before a court. As before Returning to a specific state of affairs which preceded some defined action. A thing which is the object of the contract.

In England they are called solicitors. The goods that are referred to in the contract of sale are termed as existing goods if they are present in existence at the time of the contract. The consent of the contracting parties and the performance of certain acts required to complete the contract.

Accounts receivable a record of all short-term accounts less than 12 months from customers you sell to but are yet to pay. Examples of accounts payable include invoices for goods or services bills for utilities and tax payments due. In some cases if the.

The general meaning of the term fee is money charged for. Ad Litem - A Latin term meaning for the purpose of the lawsuit. A written statement describing the reason a debtor owes a creditor money which typically sets forth the amount of money owed.

Fiat money is any money whose value is determined by legal means. 1 for the purposes of the Sales of Goods Act 1979 goods include emblements industrial growing crops and things attached or forming part of the land that are agreed to be severed before sale or under the contract of sale. The term fiat currency and fiat money relate to types of currency or money whose usefulness results not from any intrinsic value or guarantee that it can be converted into gold or another currency but from a governments order fiat that it must be accepted as a means of payment.

An implied warranty given by merchants in any sales unless excluded that are goods are fit for the ordinary purpose for which such goods are used Warranty of title A guarantee that title is goods that the transfer is rightful and that no unknown liens on the good exist. And it should give lawyers ideas for explaining the legal phrases that they use. You cannot broaden the identification after the application is filed.

Consideration has been given. This glossary provides short definitions of legal terms you will find on this website. These will be separately considered.

All legal or equitable interests of the debtor in property as of the commencement of the case. A deed in which a person undertakes to do or refrain from doing certain things for example a good behaviour bond. The use of money eliminates.

A written unconditional order or promise to pay money which can be transferred by the original receiver to others. It can be difficult to write an accurate and complete description identification of goodsservices in a federal trademark application When describing the goods and services you are or want to sellprovide you want use somewhat broad language but not too broad. To charge someone with a crime.

Money paid to a landlord by a tenant at the start of a tenancy as security in case of future damage to premises or non-payment of rent. Legal definition for GOODS. Here is a compilation of legal terms and meanings which can help you understand legal terminology.

A term applied when a matter has been heard and decided. An equal exchange of goods or services or of money or other consideration of equal value for some goods or services. The existing goods are further of the following types.

It should help non-lawyers understand legal phrases. Goods and chattels includes not only personal property. An attorney-at-law was consulted for the initial drafting of the legal document.

This guide is intended to help in two ways. The seizing of money or property prior to getting a judgment in court in contemplation that the plaintiff will win at trial usually in simple cases of money owed and will require the money or. Specifically excluded however is money- unless.

Additur - An increase by a judge in the amount of damages awarded by a jury. To borrow most of the funds necessary as a loan against real estate to buy other real estate or business assets. The language used in law is changing.

Property is a term describing anything that a person or a business has legal title over affording owners certain enforceable rights over said items. For some purposes this term includes money valuable securities and other mere personal effects. Accounts payable a record of all unpaid short-term less than 12 months invoices bills and other liabilities.

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