A legal relationship in corporate law that exists between companies in the chain of distribution of a product. This relationship creates responsibilities between the companies involved, including being liable for defects in the product. For example, vertical privity exists between the manufacturer of a car and the dealership that sells it. Therefore, both the dealer and the … [Read more...] about VERTICAL PRIVITY
VERSUS
Latin: Against In the title of a cause, the name of the plaintiff is put first, followed by the word "versus" and then the defendant's name. Thus, "Fletcher versus Peck," or "Fletcher against Peck." The word is commonly abbreviated "vs." or "v". … [Read more...] about VERSUS
VESSEL
mar. law. A ship, brig, sloop or other craft used in navigation. 2. By an act of congress, approved July 29, 1850, it is provided that any person, not being an owner, who shall on the high seas, willfully, with. intent to burn or destroy, set fire to any ship or other vessel, or otherwise attempt the destruction of such ship or other vessel, being the property of any citizen or … [Read more...] about VESSEL
Vet App.
United States Court of Veterans Appeals … [Read more...] about Vet App.
VERMONT
The name of one of the new states of the United States of America. It was admitted by virtue of An act for the admission of the state of Vermont into this Union, approved February, 18, 1791. … [Read more...] about VERMONT