Vocabulary

Discard with no intention to reclaim

proportionate reduction in monetary bequest because of insufficient funds

History of real estate

Clause allowing entire principal to be due

Assent of buyer to become owner of goods; assent to an offer resulting in a contract; drawee's signed agreement to pay draft

Person who agrees to: pay a draft; receive goods; or assent to an offer

Acquiring property by adding property of another to one's own

Addition to land by gradual water deposits execution of instrument is free act

Declaration grantor has stated execution of instrument is free act

Action to have sheriff remove tenant

Party engages in action that causes the fraud

Failure of bequest because property not in testator's estate

Govermental board or commission with authority to regulate matters or implement laws

Person appointed by court to administer estate of interstate

Acquiring title to laned by occupying it for fixed period

Promise by grantee of deed to do an act

Contract under which one party is authorized to contract for another

Agency in which agent has financial stake in performance of agency because of having given consideration to principal

Person appointed to contract to behalf of another

One chartered in another country

Paper so firmly attached to instrument as to be part of it

Unauthorized change or completion of negotiable instrument to modify obligation of a party

Amount charged for loan as percentage of loan

Contract that pays monthly income to insured while alive

Device that permits sending anonymous e-mail and software

Written response of defendant to a complaint

One party announces intention not to perform contract prior to time to perfom

Statute that seeks to promote competition amoung businesses

Authority agent believed to have because of principals behavior

Court that reviews decision of lower court

Document stating facts about corporation required for issuance of charter

Written partnership agreement

Insurance company in which losses are shared by policyholders

Person to whom contract right is assigned

Conveyance of rights in a contract to a person not a party

Person to whom contract right in a contract to a person not a party

General Agent appointed by written authorization

Oral sale of property to the highest bidder

EFT terminal that performs routine banking services

check the drawee bank refuses to pay

Articles necessary for personal convenience while traveling

person in possession of bailed property

Transfer of possession of bailed property

Person who gives up possission of bailed property

payment more than twice the normal installment one

Check drawn by one bank on another

payee of instrument made payable to whomever is in possession

negotiable instrument payable to bearer

person who receives: income or enjoyment of trust property; proceeds of life insurance; or property by will

personal property left to person by will

person who makes offer at auction

contract consisting of mutual exchange of promises

a draft

receipt and contract between conignor and carrier

first ten amendments to US Constitution personal property

temporary contract of insurance

indorsement consisting of signature of indorser

assets and administration of trust hidden from grantor

state laws to prevent sale of worthless stock

person in business to supply accommdations to permanent lodgers

sealed, written contract obligation with essentials of note

paid surety

failure of refusal to perform contractual obligations

agent with job of bringing two contracting parties together

crimes against business or sommitteed by using a business

insurance covering loss of profits while business building is repaired

rules of conduct for the performance of business transactions

tort caused by or involving a business

rules enacted by directors to govern corporation's conduct

act taht indicates intention to destroy validity of an instrument

declared value of outstanding stock

transporter of goods, people, or both

check drawn by bank on it's funds in bank

let the buyer beware

acknowledgement by bank of receipt of money with engagement to repay it

check accepted by bank's writing "certified" on it

draft drawn on a bank and payable on demand

shortening check's trip from payee to drawer

law dealinbg with enforcement or protection of private rights

one with very small number of shareholders

writing that modifies a will

two or more people jointly liable for another's obligation

insured recovers in ration of insurance to amount of insurance required

note secured by personal property

process by which employer and union negotiate and agree on terms of employment

quanitity regarded as separate unit

one that undertakes to transport without discriminiation all who apply for service

english custom recognized by courts as binding

stock that entitles owner to vote

telling something to third person

property acquired during marriage owned separately and equally by both spouses

contributory negligence reduces but does not bar recovery

amount equal to the loss sustained

written request to a court to settle a dispute

When all of multiple creditors settle in full for a fraction of the amount owed

Insurance covering large number of miscellaneous risks

Crime committed with involvement of computers

unauthroized use of or access to a computer

willful failure to disclose pertinent information

inseparable mixing of goods of different owners

representing goods or services as those of another

inseparable mixing of goods or service as those of another

one to whom goods are shipped

transfer of possession of goods for purpose of sale

one who ships by common carrier

combinning two corporations to form a new one

document that contains fundamental principles of a goverment

bailment imposee when a person controls lost property

information or knowledge imputed by law

trust created by court to corect a wrong

goods or services primarily for personal, family, or household use

legally enforceable agreement

agreement to transfer title to goods for a price

right of coguarantor to recover excess of proportionate share of debt from other coguarantor(s)

obtanining possession of property and converting it to own use

person found guilty by court of major criminal offense

association of people created by law into an entity

offeree's response that rejects offer by varying its terms