18 Terms
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Laws and acts
General acts of the international, USA, UK and European Laws.
Industry: Law
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Laws and acts
Judgement debtor
Law; Laws and acts
Party who must pay damages after a trial and he is obligated to satisfy the court decision because an unsatisfied court decision is awarded against him.
Joint and several liability
Law; Laws and acts
Liable individually and collectively. If only one of several defendants has the ability to pay damages, he may be liable for all the damages, not just a percentage.
Laches
Law; Laws and acts
The doctrine that dictates that enforcement of a legal right can be denied if the person seeking to enforce the right unreasonably delayed the action to the prejudice of the person against whom the ...
Tax avoidance
Law; Laws and acts
The act of taking advantage of legally available tax-planning opportunities in order to minimise one's tax liability.
Pass-through taxation
Law; Laws and acts
The taxation of an entity's owners for the entity's income without taxing the entity itself.
Best evidence rule
Law; Laws and acts
Doctrine whereby the original, or best available evidence should be presented at court, is termed as best-evidence rule.
Sunset law
Law; Laws and acts
A concept through which an administrative agency will cease to exist unless the legislature specifically extends its existence.
