Latin: The defendant being absent; in the absence of the defendant. … [Read more...]
REPLACEMENT VALUE
When an item is stolen, lost or destroyed, this is the cost of what it would take to buy that item from a retail vendor and with respect to the condition and age of the item. … [Read more...]
REORGANIZATION
(A) Business Law. A new business plan that restructures a business which may include a takeover or merger of corporations. (B) Bankruptcy Law. A corporation that is experiencing difficult financial conditions or which may have filed for Chapter 11 may be given time to restructure its business plan and try to kick start the business into a viable state in the hope of repaying … [Read more...]
REPLEAD
To file another pleading. To plead again, to correct a prior pleading. To plead anew; to file new pleadings. … [Read more...]
REPAIR AND DEDUCT
A tenant who fixes a significant defect in the rental property that is harmful or unsafe may pay to fix the problem and deduct the expense from the following month's rent. State law regulates how this mechanism works and, typically, prior notice to and time given for the landlord to fix the problem is required. … [Read more...]