Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

RULE OF PROPERTY

a rule or a regulation that governs the ownership or the transfer of property that is often based past procedures in similar matters.

LEGACY LAPSED

This ism the term that is given to the situation where a legatee dies before the person who made the will.

PRIVATE RULING

a rule that will affect a person and not the general public. See private law.

LEGAL DETRIMENT

This occurs when a person who has been made a promise alters his position so he now assumes liability.

GENERAL DEMURRER

a statement made by the defendant claiming the plaintiff has insufficient evidence to justify a suit.

PRUDENT PERSON DOCTRINE

a rule where the estate’s trustee will only invest the finds of the estate in low risk and safe investments.

CONVENING ORDER

a statement that says that the court was in session and did its business at a certain place at a certain time.

ALIAS SUMMONS

the second summons that has to be served because the original summons was defective or was improperly served.

CONTROLLED SUBSTANCES ACT

the name given to the statute that controls the distribution and outlawing of addictive and narcotic substances and drugs.

BLUE SKY LAW

a statute that prevents selling the stock of a fraudulent company.

REMAINDER CROSS

a stipulation when parts of an estate are given to 2 or more people and when one dies the pat goes to the other people.

STRIKE SUIT

suit that is brought by a minority of share holders against a corporation.

SALE FRAUDULENT

the term that describes a sale that is made to avoid legal obligations to a person’s creditors.

MAILBOX RULE

the name given to the rule that acceptance of an offer is binding to the offeror when the offer is dispatched.

PARTNER DORMANT

a term that is used for a silent partner who isn’t widely known as a partner in a business. See partner, silent.

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