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social guest

in effect categorizing all social guests as invitees, which means that the property owner is required to exercise due care in guarding or warning any social guest against injury. In other jurisdictions a social guest may be

solvent

solvent : able to pay all legal debts as they become due

state action

be attributed to it NOTE: State actions are subject to judicial scrutiny for violations of the rights to due process and equal protection guaranteed under the Fourteenth Amendment to the U.S. Constitution. Such an action may be

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statute of frauds

statutes of frauds, but use of the term often implies a single entity. This is at least partially due to the great stature of the original law, which represents the general principle that a contract must be

subrogation

or obligor ;also : a doctrine holding that when an insurance company pays an insured's claim of loss due to another's tort the insurer succeeds to the insured's rights (as the right to sue for damages) against

sub-prime loan

619. An industry term to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees. Source: U.S. Department of Housing and

tax roll

tax roll : a record of the properties in a taxing district that includes the taxes due and paid on each property and is sometimes combined with a record of assessed values

suppress

search and seizure] b : to fail to disclose (material evidence favorable to a defendant) in violation of due process [accused the prosecution of ing evidence] compare brady material vi : to suppress evidence sup·press·ible adj sup·pres·sion

tax credit

tax credit : an amount that may be subtracted from the sum of tax otherwise due and that is distinguished from a deduction applied to gross income in the calculation of taxable income compare

tax fraud

tax fraud Federal offense of willfully attempting to evade or defeat the payment of taxes due and owing. Source: FindLaw

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