Definitions Articles

A legal process used by a lender to force the sale of land when the…

A type of loan that is secured against the borrower’s “real property” such as their…

A legislated limit on the amount of non-pecuniary loss (for example, pain and suffering) a…

A Plaintiff’s own negligence that contributed a portion of his or her injuries. A Defendant…

A joint-venture is a term used to describe a contractual arrangement between parties. A joint-venture…

A type of business corporation used by eligible professionals for tax and liability purposes. The…

A type of partnership used by eligible professionals that limits each partner’s individual liability for…

A partnership comprised of a general partner and a limited partner or partners. The general…

When two or more persons (including corporations) are in business together for the purposes of…

A business owned and operated by a single person who is personally liable for the…

Legal responsibility for something.

A written or spoken agreement that is enforceable by law. The elements of an enforceable…