Legal practice followed in the American and English judicial systems of following the precedents of former decisions in deciding new cases. The applic ...
Latin phrase meaning "to stand by the decisions." This legal doctrine under common law requires courts to rely on precedents, or previous decisions, w ...
Property and/or liability coverage for a municipality. Municipalities are responsible for maintenance of through ways as well as a myriad of public se ...
Rule of law under which a defendant who has two or more relationships with a plaintiff may be liable under any of these relationships. For example, an ...
Doctrine by which the title of real property previously unsuccessfully transferred because of the lack of possession by grantor automatically passes t ...
The" Doctrine of laches" is the failure to timely assert one's rights or a claim
in a given matter. The failure to take action on a timely basis mis ...
A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...
A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...
Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...
Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...
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