Day: December 17, 2012

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Abatement – briefly this term details a reduction in some amount which debtor owes towards creditors. The creditor who has to receive the debt, usually promises abatement to the debtor in case of quick cash payment. In the area of…

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Earles-penny – within the area of the Contracts & Obligations Law, this term refers to the earnest money, being the 1st installment per a contract. For example, when signing a private purchasing contract for real estate, in most jurisdictions it is…

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C Corporation – this legal term finds application within the area of the Corporate & Business Law in some legal systems. There it refers to a specific type of business corporate entity, established by the local government for public purposes…

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Bad faith – this term refers to the intention to deceive. Within the area of Criminal Law in some jurisdictions, a person who intentionally tries to deceive or mislead another one in order to steal something from them (for their…

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Abandonment option – within the area of Contract Law, the abandonment option is a specific term implemented in investment contract where it entitles the parties who have concluded the contract, to terminate the investment and to withdraw from the agreement…