Category: Uncategorized
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Bankruptcy Court
Bankruptcy court Definition of Bankruptcy court Bankruptcy court is the United States federal court system which has original jurisdiction in all bankruptcy cases (process to manage debts under court protection for the debtor) taking place in the country. It is, therefore, a court that is a unit of a federal District Court. Article I, Section…
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Bid Bond
Bid bond Definition of Bid bond : a surety bond often required of contractors bidding on construction work to ensure that the successful bidder will accept the job and will also provide a performance bond In the United States, according to 15 USCS § 694a (1), [Title 15. Commerce and Trade; Chapter 14B. Small Business…
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Recreational Litigation
Recreational Litigation It was used in a case (Beachboard v U.S., 727 F.2d 1092 (1984)) where the judge points out that the appellant paid more than double in filing fees to appeal the decision than the amount of the original judgment against him. The Court said: Beachboard stated at oral argument that he brought this…
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Breach of duty
Breach of duty Definition of Breach of duty : a breach of a duty esp. by a fiduciary (as an agent or corporate officer) in carrying out the functions of his or her position A fiduciary duty is an obligation to act in the best interest of another party. For instance, a corporation’s board member…
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Book-entry bond
Book-entry bond Definition of Book-entry bond : a bond whose ownership is recorded by computer but for which no certificate is issued Book entry bond refers to a bond whose ownership is recorded by computer but for which no certificate is issued. Book entry bonds are not available on paper. The details of the Book…
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Benefit of inventory
Benefit of inventory Definition of Benefit of inventory Beneficium inventarii is a Latin phrase which literally means “benefit of the inventory.” It is a legal doctrine introduced into Roman law by Justinian I to limit the liability of heirs resulting from an insolvent estate. Beneficium inventarii applies to both wills and intestate successions in many…
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Bare license
Bare license Definition of Bare license Bare License in property law Bare License in property law means the gratuitous (“mere” or “bare”) authority (“license”) offered or granted by the owner to a person (for example, a salesperson to sell the property) to enter another’s property for that person’s benefit, with an express or implied permission…
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Bankruptcy estate
Bankruptcy estate Definition of Bankruptcy estate Bankruptcy estate are all the assets (estate) of a debtor (person declaring bankruptcy) in bankruptcy that may be used to satisfy (usually to a some degree) the creditors. The Bankruptcy estate is the sum of all the debtor’s legal and equitable interests in property (which has not been fully…
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Bankruptcy Proceedings
Bankruptcy Proceedings Definition of Bankruptcy Proceedings While bankruptcy may be defined by “The state of being actually or legally bankrupt” or “The act or process of becoming a bankrupt”, Bankruptcy Proceedings includes all proceedings in a federal court having jurisdiction in bankruptcy, procedure by which a debtor, starting bankruptcy proceedings —may be an individual, corporation,…
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Hello world!
Legal Definition and Related Resources of Hello world! Meaning of Hello world! Related Entries of Hello world! in the Encyclopedia of Law Project Browse or run a search for Hello world! in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin…