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Collateral - Law Dictionary Search Results

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Surety and guarantor

another but liability of guarantor is, strictly speaking, secondary, and collateral, while that of surety is original, primary and direct. In

Sale of Goods Act, 1893

which are the subject of a contract for sale, but collateral to the main purpose of such contract, the breach of

Preclude

to prevent from litigating an action or claim especially by collateral estoppel or res judicata, Roach v. Teamsters Local Union No.

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Linea recta semper prafertur transversali

transversali [Lat.], the direct line is always preferred to the collateral.

Perfect

by filing a financing statement or taking possession of the collateral, Commercial Bank v. Pride Furniture, Inc., 877 P. 2d 1232

Pawn or Pledge

engagement without selling the pawn, for it is only a collateral security. A pawnee cannot become the purchaser at the sale.

Once action rule

secured by real property the creditor must foreclose on the collateral before proceeding against the debtor's unsecured assets, Black's Law Dictionary,

Obiter dicta

observations on such questions, whether they be casual or of collateral relevance are known as 'obiter dicta' or simply 'dicta', Marta

Negligence

Negligence, has many manifestations ' it may be active negligence, collateral negligence, comparative negligence, concurrent negligence, continued negligence, criminal negligence, gross

Misrepresentation

on the ground merely of mis-statement. Such representations may be collateral or not part of the principal contract and upon letting

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