Compend Law

Usurious

Any rate of interest above the maximum rate allowed by the law is said to be

Negligence

Breach of the duty of care one individual has toward others is called

Void

Contract that is of no legal effect

Contract rate

Maximum amount of interest that may by charged is called the

Fraud

One who induces another to enter into a contract as a result of an intentionally or recklessly false statement of a material fact is guilty of

Federal Claims Act

Right to sue the federal government is derived from

Fiduciary

Term involving a relation of trust or confidence is

Custodian

When the funeral director has a dead human body in his care, he is properly termed a

executory

a contract in which the terms have not been fully performed by all the parties is said to be

voidable

a contract in which undue influence was proven is considered

trial court

a court of original general jurisdiction is

appellate court

a federal court of appeals is

writ

a formal written command issued by a court of law

summons

a process may be referred to as

ratification

a restatement of ones willingness to be bound by his promises made during minority

restraining order

a temporary order forbidding a certain acton is

Codicil

addition or modification of a will is known as a

personal property

all physical items that are not real property are classified as

promissory note

an unconditional written promise made by one person to another, signed by the maker, engaging to pay on demand or at a fixed future time, a sum certain in money to order or to bearer is a

property

anything that may be owned, possessed, used, or disposed of for a price is called

corporation

association of individuals united for a common purpose and permitted by law to use a common name and to change its members without dissolution of the association is an

england

common law developed in

customs

common law is based on

insolvent estate

condition of an estate of a deceased person which is unable to pay the debts of the decedent and/or the estate is referred to as being

agency

contract between a principal and an agent creates a relationship called

void

contract made by a legally insane person is

valid

contract made by a person who is intoxicated but aware of the consequences of his action

voidable

contract made by a person who is so intoxicated as to be unaware of the consequences is

voidable

contract made by an insane person who has not ben declared so judicially is

voidable

contract that may be set aside by at least one of the parties

formal

contract under seal is called

Valid

contract which is enforceable by the courts is

entity

corporation has a distinct existence separate and apart form the existence of its individual members which is known as a

common law

customs which have come to be recognized by the courts as laws describes

slander

defamation of character by spoken words or gestures is

constitution

document which defines the relationship of the government itself and of its citizens is

check

draft drawn on a bank and payable on demand is a

offer

expressed willingness from a person to enter into a contractual agreement is

ademption

extinction or withdrawal of a legacy by an act equivalent to revocation is called

mutual agreement

in order to be enforceable, valid contract must meet

uniform commercial code

in the field of business law, the most important statute is

judge

in the state court, the chief officer is

real property

land, timber, minerals, buildings, and other manmade property permanently attached to land are called

statutes

law enacted by legislature bodies are

Business law

law which is concerned primarily with those rules of conduct involving financial transactions between individuals or legal entities is

tort law

law whose purpose is to compensate the aggrieved, not to punish the wrongdoers is

ordinances

laws passed by local governments are

anti-trust laws

laws that are designed to protect or prevent any individual from controlling a large share of a market or products are

assignment

means whereby one party conveys his rights in a contract to another who is not a party to the original contract is called

Void

mutual mistakes as to the existence of the subject matter renders a contract

intent

newspaper advertisement can be an offer if it shows

administrative law

orders and decrees from governmental agencies which have the force of law is considered

stockholders

owners of a corporation are known as

spoken words

parol evidence is

injunction

permanent order, issued by a court, forbidding activities which would be determined to others is

Administrator

person appointed by the court to oversee the estate of an intestate is called

minor

person below the adult age

Testator

person who dies leaving a valid will is called a

tangible personal property

personal property which can be seen and touched

Executor

personal representative of the decedent appointed in the will to carry out the provisions of the will is called

false testimony

prejury is...... know this!!!

Tort

private of civil wrong, either intentional or caused by negligence, for which there may be action for damages is

dividends

profits of a corporation belong to the corporation until set aside by the directors for distribution as

intangible personal property

property rights consisting merely of evidence of ownership of property, such as copyrights, checks, notes and stocks, are

abatement

proportional reduction of a legacy when the funds or assets out of which such legacy are payable are not sufficient to pay it in full

board of directors

right to declare dividends depends upon the discretion of the

Law

rules of civil conduct commanding what is right and prohibiting what is wrong defines

statute of frauds

statute listing certain classes on contracts which much be in writing to be enforceable if called the

Novation

substitution of a new party for the original party who is to perform is called

probate court

the court having sole jurisdiction over estates is

compensatory damages

the damages awarded an injured party in a contract in which the injured party is entitled to compensation for the exact a amount of loss is called

verdict

the decision of a jury is the

case law

the doctrine of stare decisis is concerned with

disaffirmance

the election to void a contract

concealment

the failure to volunteer or reveal information not requested is termed

Probate

the filing and proving of the will following death is called

state supreme court

the highest court of a state is the

u.s. supreme court

the highest court of the land in the united states is the

U.S. constitutions

the law of the land in the United States is the

Ordinances

the laws of city council is called

plaintiff

the party who institutes a court action is the

jurisdiction

the power or authority which each court has to hear cases its cases is called

rescind

to cancel or annul or avoid a contract is to

arraign

to read the charge of an indictment

children of legal age

under normal condition circumstances, the ones having the primary right to control final disposition of a deceased person is

consideration

what ever the promiser demands and receives as the price of his promise is called

terms of the contract

what is a mistake that does not render an agreement defective

equity

what is right and just refers to

actual custody

when a dead human body is in the mortuary, the funeral home is said to have

Bailee

when a funeral director has the personal effects of a dead human body in his possession, he is termed a

Intestate

when a person dies without a will, he is said to die

statute of limitations

when one party to a contract breaches it, the other party has the right to sue for breach of contract, but he must exercise within the time fixed within a statute

forbearance

when one promises to refrain from doing something his conduct is known as

tort

when the duty of care that a motorist owes other motorists and pedestrians is breached and results in injury or damages to another, that motorist has committed a

juvenile court

which of the following is not a type of inferior state court?

holographic will

will written entirely by the testator with his own hand is properly termed a

Will

written disposition of property, real or personal, to take effect at the death of an individual is called a

negotiable instruments

written instruments drawn in a special form, which can be transferred from person to person as a substitute for money or as instruments of credit, are called

placed in the mail by the offeree

you receive an offer in the mail containing no stipulations as to the acceptance, and you decide to return your acceptance by mail. the agreement is complete when the acceptance is