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transfer of ownership

transfer of ownership any means by which ownership of a property changes hands. These include purchase of a property, assumption of mortgage debt, exchange of possession of a property via a land sales contract or any...

wage

wage 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis often used in pl. 2 pl : the share of the...

unconscionable

unconscionable : unreasonably unfair to one party, marked by oppression, or otherwise unacceptably offensive to public policy [an clause] [finds the contract…to have been at the time it was made "Uniform Commercial Code"] compare conscionable un·con·scio·na·bly...

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unilateral

unilateral 1 : done or undertaken by one party [a mistake as to the terms] 2 : of, relating to, or affecting one side of a subject 3 : containing a promise to perform made by...

usage of trade

usage of trade :a practice or method of dealing that is regularly observed in a place, vocation, or trade and that one justifiably expects to be followed by another party to a commercial transaction compare course...

valid

valid 1 : having legal efficacy or force [a license] ;esp : executed with proper authority and form [a contract] [a search] 2 : having a legitimate basis : justifiable [a reason for terminating the employee]...

vitiate

vitiate -at·ed -at·ing : to make ineffective [fraud s a contract]

void

void 1 : of no force or effect under law [a marriage] 2 : voidable void·ness n vt : to make or declare void [ a contract]

voidable

voidable : capable of being voided ;specif : subject to being declared void when one party is wronged by the other [a contract] void·abil·i·ty [vȯi-də-bi-lə-tē] n

waiver

waiver [Anglo-French, from waiver to waive] : the act of intentionally or knowingly relinquishing or abandoning a known right, claim, or privilege ;also : the legal instrument evidencing such an act compare estoppel, forfeiture NOTE: Acts...

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