Tag: party
Joint And Several Liability
DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...
Land Lease Option
When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....
Land Trust
DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...
Lady Macbeth Strategy
What is 'Lady Macbeth Strategy' A corporate-takeover strategy with which a third party poses as a white knight to gain trust, but...
Easement In Gross
What does 'Easement In Gross' mean
An easement in gross is an easement that attaches a particular right to an individual or entity rather than...
Obligor
What is an obligor
An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...
Tailgating
DefinitionTailgating is when a driver drives behind another vehicle while not leaving sufficient distance to stop without causing a collision if the vehicle in...
A-B Trust
What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is...