Legal Topic | B

An agreement between contracting parties where one party buys out their obligations under the contract for a certain sum of money.

An agreement that covers the ending for a relationship between two or more co-owners of a property or business. The agreement covers any restrictions over the sale of the departing partner’s share such as who the share may be sold to, what price, whether there is a right for the other partners to purchase at [...]

contracts. In sales of land it not unfrequently occurs that the property is said to contain a certain number of acres, by estimation, or so many acres, more or less. When these expressions are used, if the land fall short by a small quantity, the purchaser will receive no relief. In one case of this [...]

Eng. law. A declaration may be filed without a new process or writ, when the defendant is in court in another case, by the plaintiff in that case having filed common bail for him; the declaration thus filed is called a declaration by the bye.

(A) Most commonly, the rules that are created to govern the internal working or actions of a corporation, which will typically include procedures for holding meetings, electing officers and the board of directors, duties and powers of the officers and are initially created by the founders of a corporation. (B) Rules and ordinances made by [...]

A special trust designed to reduce the overall estate tax liability by passing over one person who would normally be taxed. The most common is an “AB trust.”

An insurance policy which pays for the cost of burying a deceased person.

To purchase. Vide Sale.

The insurance policy that sets forth terms and conditions of payment for burial and disposal costs of a deceased person. See “burial insurance”.

contracts. A purchaser; a vendee.