The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usual... (more...)

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usually made by a court when both parties overlooked a mistake in the document, or when one party has deceived the other.

NOVATION

The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original... (more...)

The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original parties.

MORTGAGE

A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)

A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.

IP

See intellectual property law.

DONATION

A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by... (more...)

A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by the IRS.

DEEP LINK

A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep... (more...)

A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep link from Yahoo might take the user directly to a news article on a news site instead of linking to the home page of the site.

SEVERANCE PAY

Funds, usually amounting to one or two months' salary, frequently offered by employers to workers who are laid off. No law compels employers to provide severanc... (more...)

Funds, usually amounting to one or two months' salary, frequently offered by employers to workers who are laid off. No law compels employers to provide severance pay, although the employer may be legally obligated to do so if it was promised in a contract or employees' handbook.

COMMUNITY PROPERTY WITH RIGHT OF SURVIVORSHIP

A way for married couples to hold title to property, available in Arizona, California, Nevada, Texas and Wisconsin. It allows one spouse's half-interest in comm... (more...)

A way for married couples to hold title to property, available in Arizona, California, Nevada, Texas and Wisconsin. It allows one spouse's half-interest in community property to pass to the surviving spouse without probate.

SAMPLE LEGAL CASES

Boelter v. Tschantz

... 1 HOOVER, PJ. Terri Boelter appeals a judgment, and an order denying her motion for reconsideration, entered after a trial de novo on claims against her landlord. ... 2006), which provides: A landlord may withhold from a tenant's security deposit only for the following: . . . . ...

MARYLAND ARMS LTD. PARTNERSHIP v. Connell

... is void; (2) Â§ 704.07(3) makes Cari Connell responsible for damages only when she is negligent or improperly uses the rented premises, and she was not negligent, nor did she improperly use the premises; and (3) the clear implication of Â§ 704.07 is that the landlord is obligated ...

PUCCETTI v. Olsen

... Both hornbook law and the statutes provide that when a landlord accepts the tenant's surrender of the lease, he forfeits his right to future rents and damages; therefore, we reverse. ... Id. Â¶ 11 We rejected Tully's arguments. First, we restated hornbook landlord/tenant law. ...

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LEGAL TERMS

LANDLORD

REFORMATION

NOVATION

MORTGAGE

IP

DONATION

DEEP LINK

SEVERANCE PAY

COMMUNITY PROPERTY WITH RIGHT OF SURVIVORSHIP

SAMPLE LEGAL CASES

Boelter v. Tschantz

MARYLAND ARMS LTD. PARTNERSHIP v. Connell

PUCCETTI v. Olsen

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