Valid Notes - Law Dictionary Search Results
execute
que use by operation of the Statute of Uses 2 : to perform what is required to give validity to ;esp : to complete (as by signing and delivering) in proper form [ a note] [ a … to give validity to ;esp : to complete (as by signing and delivering) in proper form [ a note] [ a deed] 3 : to put to death in compliance with a judicial death sentence
divorce
to leave one's marriage partner, from di- away, apart + vertere to turn] : the dissolution of a valid marriage granted esp. on specified statutory grounds (as adultery) arising after the marriage compare annulment NOTE: The most … of a valid marriage granted esp. on specified statutory grounds (as adultery) arising after the marriage compare annulment NOTE: The most common grounds for divorce are absence from the marital home, drug or alcohol addiction, adultery, cruelty,
annual meeting
other business compare special meeting NOTE: In order for a vote taken at an annual meeting to be valid, shareholders must have received notice of the time, place, and date of the meeting within a certain period, … to hold each year for the election of directors and the transaction of other business compare special meeting NOTE: In order for a vote taken at an annual meeting to be valid, shareholders must have received notice
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agreement
the same terms [if they reach ] NOTE: Under common law, agreement is a necessary element of a valid contract. Under Uniform Commercial Code section 1-201(3), agreement is the bargain of the contracting parties as represented explicitly … or intent ;esp : the mutual assent of contracting parties to the same terms [if they reach ] NOTE: Under common law, agreement is a necessary element of a valid contract. Under Uniform Commercial Code section 1-201(3),
Forgery
false making or alteration of an instrument, which purports on the face of it to be good and valid for the purposes for which it was created, with a design to defraud. The forged instrument must be … created, with a design to defraud. The forged instrument must be false in itself. The mere subscribing a note, given as the party's own, by a fictitious name, was held not to be forgery, Reg. v. Martin,
contract
capacity (as age or mental soundness) and must have a lawful, not criminal, object. Except in Louisiana, a valid contract also requires consideration, mutuality of obligations, and a meeting of the minds. In Louisiana, a valid contract … the minds, obligation, offer, performance, promise, rescind, social contract, subcontract Uniform Commercial Code in the Important Laws section NOTE: Contracts must be made by parties with the necessary capacity (as age or mental soundness) and must have
cancel
cancel -celed or: -celled -cel·ing or: -cel·ling 1 : to destroy the force, validity, or effectiveness of: as a : to render (one's will or a provision in one's will) ineffective by … provision in one's will) ineffective by purposely making marks through or otherwise marring the text of compare revoke NOTE: The text of the will or of the will's provision need not be rendered illegible in order for
wait and see
wait and see : a doctrine in property law that postpones determining the question of validity of a future interest that has not yet vested (as a contingent remainder) until circumstances make clear whether … circumstances make clear whether or not the interest will vest within a time limit compare rule against perpetuities NOTE: A minority of states have adopted the wait and see doctrine.
race-notice
to, or being a recording act which stipulates that an unrecorded deed, mortgage, or lien shall not be valid against a recorded one unless the recording party (as a subsequent purchaser from the same seller) had notice … seller) had notice of the interest or claim of the other party when recording compare notice, pure race NOTE: If one party purchases a property and records the deed, a subsequent purchaser is normally held to know
title
of an obligation good title : title to property (as a negotiable instrument or real property) that is valid in fact or law or beyond a reasonable doubt [a holder in due course acquires good title to … property before acquiring title ;also : a doctrine that requires such vesting compare estoppel by deed at estoppel NOTE: The doctrine of after-acquired title generally does not apply when the grantor receives title by quitclaim deed; to
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