The Law Dictionary

FORCED HEIRS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In Louisiana. Those persons whom the testator or donor cannot deprive of the portion of his estate reserved for them by law, except in cases where he has a just cause to disinherit them. … [Read more...]

FORCED SALE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A sale that is made pursuant to an order and against the seller's wishes, e.g. as part of an order of a bankruptcy court to sell an asset for the purpose of distributing the proceeds to creditors. Where a court order provides for the sale of goods by a creditor, typically occurring where a company declares bankruptcy and the creditors force sales of the remaining assets to pay … [Read more...]

FONDS PERDUS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In French law. A capital is said to be invested a fonds perdus when it is stipulated that in consideration of the payment of an amount as interest, higher than the normal rate, the lender shall be repaid his capital in this manner. The borrower, after having paid the interest during the period determined, is free as regards the capital itself. Arg. Fr. Merc. Law, 560. … [Read more...]

Legal Disclaimer: The content appearing on our website is for general information purposes only. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. The law is also subject to change from time to time and legal statutes and regulations vary between states. It is possible that the law may not apply to you and may have changed from the time a post was made. All information available on our site is available on an "AS-IS" basis. It is not a substitute for professional legal assistance. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.