This term is Spanish, and is used in Louisiana. It is the name of an action brought for the purpose of making a distribution of an insolvent's estate. It differs from all other actions in this important particular, that all the parties to it except the insolvent, are at once plaintiffs and defendant. Each creditor is plaintiff against the failing debtor, to recover the amount … [Read more...] about JUICIO DE CONCURSO
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JUDICIAL MORTGAGE
In Louisiana, it is the lien resulting from judgments, whether these be rendered on contested cases, or by default, whether they be final or provisional, in favor of the person obtaining them. Civ. Code of Lo. art. 3289. … [Read more...] about JUDICIAL MORTGAGE
JUDICIARY ACT
The name commonly given to the act of congress of September 24, 1789, (1 St at.Large, 73,) by which the system of federal courts was organized, and their powers and jurisdiction defined. Judiciis posterioribus fides est adhibenda. Faith or credit is to be given to the later judgments. 13 Coke, 14. … [Read more...] about JUDICIARY ACT
JUMBO LOAN
A mortgage loan in excess of the amounts guaranteed by the Federal Housing Administration. … [Read more...] about JUMBO LOAN
JUDICIAL NOTICE
When a court accepts knowledge that is so common and well accepted without needing evidence to be presented in order to establish the truth of the matter, e.g. water freezes at 32 degrees Fahrenheit. … [Read more...] about JUDICIAL NOTICE