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Isaiah Bey
Apr 5, 20221 min read
Encumbrance
right, other than an ownership interest, in real property. The term includes mortgages and other liens on real property.
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Isaiah Bey
Apr 2, 20221 min read
Credit Sale
Credit sale means a sale products, services or an interest in land to a person on credit where a debt is payable in installments or a...
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Isaiah Bey
Apr 1, 20221 min read
Promise
promise. 1) n. a firm agreement to perform an act, refrain from acting or make a payment or delivery. In contract law, if the parties...
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Isaiah Bey
Apr 1, 20221 min read
Duty
A legal duty is an obligation, created by law or contract. A legal duty requires a person to conform his or her actions to a particular...
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Isaiah Bey
Apr 1, 20221 min read
Provisional
1 : provided for a temporary need. : suitable or acceptable in the existing situation but subject to change or nullification [a...
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Isaiah Bey
Mar 30, 20222 min read
Deferred payment
Deferred Paymentmeans the Insured’s interestin lost or damaged personal property soldby the Insured under a conditional sale or trust...
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Isaiah Bey
Mar 30, 20221 min read
Security agreement
A “SECURITY AGREEMENT” is an agreement that. creates or provides for an interest in personal property. that secures payment or...
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Isaiah Bey
Mar 29, 20221 min read
Consumer credit
Consumer Credit consists of short-term loans made to people so that they can purchase consumer goods and services for personal or...
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Isaiah Bey
Mar 29, 20221 min read
Credit
A term used in accounting to describe either an entry on the righthand side of an account or the process of making such an entry. A...
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Isaiah Bey
Mar 29, 20222 min read
Credit
The term “creditor” refers only to a person who both (1) regularly extends, whether in connection with loans, sales of property or...
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Isaiah Bey
Mar 29, 20221 min read
Account
(2) the term “account” means a demand deposit, savings deposit, or other asset account (other than an occasional or incidental credit...
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Isaiah Bey
Mar 28, 20221 min read
Ownership
Ownership is the legal right to use, possess, and give away a thing. Ownership can be tangible such as personal property and land, or it...
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Isaiah Bey
Mar 28, 20221 min read
Intercourse
INTERCOURSE. Communication; commerce; connexion by reciprocal dealings between persons or nations, as by interchange of commodities,...
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Isaiah Bey
Mar 28, 20221 min read
Offer
A promise to do or refrain from doing something in exchange for something else. An offer must be stated and delivered in a way that would...
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Isaiah Bey
Mar 28, 20221 min read
Payment order
Payment Order is an order or an instruction of a sender to a receiving bank directing transfer of funds to a designated account or...
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Isaiah Bey
Mar 26, 20221 min read
Majority
Full age; the age at which, by law, a person is entitled to the manage- ment of his own affairs and to the enjoyment of civic rights. The...
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Isaiah Bey
Mar 26, 20221 min read
Disposition
Primary tabs. In trusts and estates law, a disposition is the transfer, gift or sale of property from one individual to another. In...
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Isaiah Bey
Mar 22, 20221 min read
Vesting
A right or an interest in property "vests" when it is secured. This means that the beneficiary of the right or property interest is...
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Isaiah Bey
Mar 22, 20221 min read
Deferment
Deferment means putting off to a future time. The term has different meaning in different context. With regard to properties, it refers...
115 views0 comments
Isaiah Bey
Mar 18, 20221 min read
Duty
A legal duty is an obligation, created by law or contract. A legal duty requires a person to conform his or her actions to a particular...
107 views2 comments
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