ILEC_05.txt

repudiation or denial of a legal right or claim

statement which limits the liability of the seller for any defects of their goods

termination of an employee's employment contract based on a prejudice or bias

distribution of company profits to its shareholders

national or internal law of a country, as opposed to international law; 2) another term used for family law

to live somewhere on a permanent basis or, if a legal person, to have a registered office somewhere

to produce a piece of writing or a plan that you intend to change later

person in a bill of exchange who conducts payment or is directed, or ordered to make payment; often a bank

person in a bill of exchange who orders payment

unlawful threat or coercion used to force someone to enter into a contract

obligation owed or due to another by law

obligation of a person to act with reasonable caution or prudence, the violation of which results in liability at law

right enjoyed by a person other than the owner of a piece of land to use or control that land, or a part of that land. No property rights are conferred upon the person using the land of another. An example of an easement is crossing a part of another's land in order to access a public road.

economics term that refers to the optimal production and consumption of goods and services

judicial body that resolves disputes between employers and employees

(UK) writing. including signature, on the back of a document which allows for the transfer of the instrument (US indorsement)

capable of being made effective. In the case of an agreement, it is one in which one party can legally compel the performance of the other party.

interest the law gives effect or force to

written notice of appearance during a hearing which provides the respondent's full name and contact details, as well as a statement of opposition to the claim, including the grounds upon which it is opposed

reversion of land to the state if the land owner dies without a will or without any heirs

provision required for a contract to exist

(Latin) and others

and other things of the same kind

a provision which eliminates coverage of specified items

sole use and benefit of a property

sole power or privilege under the law

lien created when a debtor's assets are seized for the purposes of enforcing a judgment

see punitive damages; an amount of money that someone who commits an offence has to pay, which is intended to be large enough to prevent them or others from committing similar offences in the future: He is demanding exemplary damages for breach of privacy.

(Latin) for example

(also benefit of the bargain damages) compensation for the loss of benefits that a person would have received had the contract been performed