L

practice, pleadings. An action is local when the venue must be laid in the county where the cause of action arose. … [Read more...] about LOCAL ACTION

Also known as an inter vivos trust which is designed to pass directly to trust beneficiaries upon the death of the person making the trust without involving the probate court. A successor trustee is a person appointed to handle the trust upon death functions to transfer the property ownership to the beneficiaries. … [Read more...] about LIVING TRUST

A bailment without reward; consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. Ramsey v. Whitbeck, 81 111. App. 210; Nichols v. Fearson, 7 Pet 109, 8 L. Ed. 623; Rodman v. Munson, 13 Barb. (N. Y.) 75; Booth v. Terrell, 16 Ga. 25; Payne v. … [Read more...] about LOAN

City, town, county, municipality or state level government. It is the administrative governmental body of a region, usually smaller or limited in size. … [Read more...] about LOCAL GOVERNMENT

A home, apartment, condominium; a unit of housing. … [Read more...] about LIVING UNIT