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

TWO-PARTY CONSENT

when all parties will consent to a wiretap that is needed in some states for it be lawful.

SOLEMNITY OF CONTRACT

the concept that says that 2 or more people are free to make an agreement that they wish and it will be respected and enforced.

PERMANENT RECEIVERSHIP

a term used when the administration and management of a business is taken over after a court judgement. It is not there for temporary relief.

EXIGENCY OF A BOND

the act or the performance on which a bond is conditioned or the conditions of the bond.

UNLAWFUL DETAINER

This occurs where property once legally possessed is continued to be possessed when the rights have ended.

MARSHALING ASSETS

the term given to the list of a persons assets in order of value so they can be given to creditors.

FIDUCIARY CAPACITY

This applies to a person serving to handle money and property to benefit another party, such as the attorney, broker, guardian etc.  TLD Example: The executor of the estate served in a

PERMISSIVE POSSESSION

a term that applies when the occupation of a property by a person has the owner’s permission.

SUBSIDIARY CORPORATION

the name given to a smaller company than the parent company that si controlled and owned by the parent company.

ROBERT

These are the rules that control and supervise the orderly procedures of a legislative or deliberative organisation that were compiled by General Robert in 1876.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.