Legal Articles

BLUE CHIPS

a term referring to high class and Grade-A securities.

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BYLAWS

These are the rules and regulations that are adopted by corporations benefit societies and associations that govern all ongoing activities.

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BUSINESS EXPENSE

These are the various legitimate expenses that are incurred during conducting a business enterprise.

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BAD FAITH CAUSE OF ACTION

a law suit that is based on an assumption that the opposing parties conduct showed reckless disregard of the suitor’s right and was unreasonable.

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BANKRUPTCY COURT

the court that has jurisdiction over bankruptcy proceedings.

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BUILDING RESTRICTION

These are the regulations that outline the shape, form and manner how you can build.

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BEGGING THE QUESTION

This term applies to the argument that will assume that the question that is at issue has already been proved.

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BICAMERAL

This terms means having 2 legislative houses such as a senate and a house of representatives that is different to a government with one legislative parliament.

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BUILDING LINES

These are the setback lines and the line on the street where you cannot build in front of.

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BINDING ARBITRATION

an arbitration where the arbitrating parties must accept all of the findings and decisions of the arbitrator or arbitrators.

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BOND-CREDITOR

the term that applies to the creditor who has taken a bond in order to secure his debt.

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BUSINESS AGENT

the person who is the representative of a labour union who hears the worker’s grievances.

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BUSINESS RECORD EXCEPTION

the exception to a rule that bars the introduction of hearsay evidence in law suits.

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BREAKING INTO

This term applies to illegally entering any premises with the intention of stealing.

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BAILIFF ERRANT

the person who is appointed by a sheriff who will perform acts such as serving summonses, subpoenas etc.

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BINDING INSTRUCTION

the instruction by a judge to the jury that they are bound by existing laws in their deliberations and in their ultimate verdict.

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BLUDGEON

a dangerous weapon or a club made of a heavy wood that sometimes has lead at its centre.

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BULK TRANSFER

This involves the sale of a business or the part of a business is sold for money which will be a fraudulent sale if the creditors are not paid from the proceeds.

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BALLOON NOTE

This term applies to an installment loan with interest that provides for a larger final payment that is known as the balloon payment.

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BALANCE OF CONVENIENCE

The question is to balance the relief given to the plaintiff against the injury that will be done to the defendant.

TLD Example: The court weighed the balance of convenience and opted not to grant the injunction requested by the plaintiff in light of the harm it would do to the defendant.

 
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