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An engagement entered into by a person, which renders him unable to enter into another; as a promise or covenant of marriage to be had afterwards. When made per verba de presenti, it is in fact a marriage, and in that case the party making it cannot marry another person. A contract or engagement made by a person, which is of such a nature as to preclude him from lawfully … [Read more...] about PRECONTRACT

(A) Decisions that are made on an issue in cases that serve as a point of reference or authority for a judge in deciding the same or similar issues in later cases. Precedent creates expectations in society about how a matter should be resolved. Lower courts are usually compelled to follow precedent when a higher court has ruled on a similar legal issue. (B) the decision of … [Read more...] about PRECEDENT

Fraudulent lending practices where experienced lenders take advantage of inexperienced borrowers, typically convincing them to take out high interest mortgages that they are unable to afford. … [Read more...] about PREDATORY LENDING

Such as must happen or be performed before an estate can vest or be enlarged. See CONDITION PRECEDENT. … [Read more...] about PRECEDENT CONDITION

To die before another person, e.g. in a will, My wife will own the red car if my wife predeceases me, otherwise to my daughter Jane. … [Read more...] about PREDECEASE