ILEC_16.txt

person who holds something in trust for someone else

person appointed to handle the affairs of a bankrupt party

person appointed to handle the property of another person until the court determines the ownership of that property

person determined by contract to handle the property and affairs of an insolvent person while debts are being paid and creditors' claims are being settled

person who holds legal title for real property of another person who has pledged that property as collateral for a loan

(Latin) unauthorised, beyond a person's legal power

sale, licensing or otherwise dealing, especially with a view to profit, of a copyright that is done without the authority of the person who possesses the copyright

(UK) enterprise, a company or a group of companies (US business, firm or enterprise)

unjust termination of an employee's employment contract. The question is whether the employer acted reasonably in dismissing the employee.

(US) act harmonising the law of sales and commercial transactions in all states in the US

sets of rules created by recognised organisations aimed at harmonising international practices in different areas of the law (e.g. Uniform Rules For Demand Guarantees (URDG))

set of terms created by a recognised organisation such as the International Chamber of Commerce (ICC) in order to harmonise trade practices across international borders

convention of the United Nations which sets forth rules governing contracts for the international sale of goods

right to use another person's property for a period of time. to be later restored to the owner with only ordinary wear and tear

(Latin) against

combining of two or more firms who are at different levels in the economic supply chain, for example producer and distributor

to give full title to a property to a person; 2) to give a person an immediate fixed right

(Latin) as follows

(UK) termination of a company's business that is supported by company shareholders (US dissolution or winding-up)

guarantee that the seller has title to the property being sold, that there are no liens or encumbrances on the property other than those that have been disclosed. and that the transfer of property is valid

process of ending the carrying on of a business through the settlement of liabilities and the distribution or liquidation of assets

document informing someone that they will be involved in a legal process and instructing them what they must do

written expression of an intention or opinion decided at a meeting