Month: December 2022

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What Is the Maximum Legal Interest Rate in Florida

In some cases, an agreement may provide that a lender receives not only transaction fees, but also an amount related to the value of the business to which they lend money. Examples include stock options, profit-sharing or residual values. For bonds above the $500,000 threshold, these amounts are excluded from the calculation of interest.[...]
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What Is the Legal Term for Fee Simple

When you buy a house, you usually buy it. You own the property on which the house is located and all rights to use, and your name appears on the title deeds. There are two types of simple real estate interests: In real estate transactions, you may hear the term “fee simple”. While this[...]
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What Is the Legal Meaning of in Perpetuity

The nature and extent of such a change in the jurisdiction in which it has occurred varies considerably. In England, profound changes were brought about by the Perpetuities and Accumulations Act 1964. This provided, among other things, that an order made after the act, which would otherwise be void under the common law rule,[...]
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What Is the Legal Document Filed with the Court Called

Greater probative value or sufficient evidence to satisfy the court or jury that the party has substantiated its case. Bench trial – A trial without a jury, in which a judge decides the facts of the case. In a jury trial, the jury decides the facts. Defendants sometimes waive the right to a jury[...]
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What Is the Legal Definition of a Crisis

(n) `training` means the specific training that may be necessary to enable disaster relief workers to provide professional mental health advice to victims of a major disaster or its consequences. Middle English crisis, crisis, borrowed from Latin crisis “judgment, critical stage”, borrowed from Greek krãsis “act of separation, decision, judgment, event, result, turn, sudden[...]
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What Is the Legal Age to Run Away from Home

In states where runaway is considered a status offence, runaway youth are generally detained or in “temporary care”. If you want to live with someone else at the age of 16, you must either get your parents` consent, seek court approval, or be legally emancipated. Parents and guardians are required to report a minor[...]
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What Is the Legal Age of Drinking in Germany

In addition to the legal drinking age, the law provides for various other issues, such as: The German Main Office for Drug Issues recommends raising the drinking age for all alcoholic beverages in Germany to 18. [7] The legal drinking age in Germany is 16, although children must wait until they are 18 to[...]
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What Is the Law of the Few

Another crucial factor that plays a key role in determining whether a trend will reach exponential popularity is what Gladwell calls the “viscosity factor.” This is a unique quality that forces the phenomenon to “stick” in the public mind and influence its future behavior. Mavens – These are the people whose purpose may be[...]
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What Is the Fundamental Philosophy of the Law and Economics School

The private legal system must perform three functions, all related to property and property rights. First, the system must define property rights; This is the task of property law itself. Second, the system must allow for the transfer of ownership; This is the task of contract law. Finally, the system must protect property rights;[...]
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What Is the Difference between Guidelines and Rules

Rules and policies are used to modify behaviors and actions, but they are used differently depending on the relationship between the one who sets the rules or policies and the one who reviews them. These two terms are often included in policy discussion versus guidelines. And they are also part of business processes. Policies,[...]
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