money & the law library

 

Money & the Law intersect in many interesting and often controversial ways. Check out the Money & the Law channel to see what happens when these two powerful forces cooperate or collide.

Featured Article:  How Patents Work

The inventor's best friend (or worst enemy) is the patent system: If you're the first to come up with an idea, it's yours. But, if somebody beat you to it, it's back to the drawing board. Learn about patents. See more »

Petition

Petition, a formal written request addressed to a public official or legislative body asking for correction of grievances or for the adoption of some public policy.

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Power of Attorney

Power of Attorney, or Letter of Attorney, a document by which one person authorizes another to do some act or acts for him, such as to collect rent, sell real estate, execute a deed, or sign checks.

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Precedence

Precedence, in social matters, priority of place. On state occasions of a ceremonial or formal nature, precedence determines the order of appearance and seating of dignitaries, and the order of their departure.

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Proxy

Proxy, in law, a person who acts as a substitute for another person in some transaction.

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Receiver

Receiver, in law, a person appointed by a court to take custody and control of another's funds or property pending the outcome of judicial action.

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Rent

Rent, in law and commerce, fixed payment made periodically for the use of land and the improvements (buildings) located on the land.

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Riparian Rights

Riparian Rights, in law, the rights of a landowner whose property is bounded by a non-navigable stream or river to the reasonable use of its banks, bed, or water.

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Title

Title, a term added to or used in place of a person's name as a mark of respect or to indicate royalty, nobility, or special status.

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Tort

Tort, in law, an offense against a person that causes injury to him, his property, or his rights.

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Trespass

Trespass, in law, most commonly an unlawful entry onto another person's property or an act that interferes with the use and enjoyment of the property.

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Trust (law)

Trust, in law, the holding of property by one person for the benefit of another.

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Ward (law)

Ward, in law, a person who is considered incapable of handling his own affairs and whose interests are put into the hands of a guardian.

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Warranty

Warranty, or Guarantee, in commerce, an assurance by the manufacturer or seller of a product that the product will meet certain standards.

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What are copyrights and patents?

Notations for copyrights and patents can be found on every single product you buy at the store. In this article, you can find out what copyrights and patents are, and how they differ from each other.

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What is a trade secret, and how is it different from a patent or copyright?

Companies, such as Coke, are famous for protecting their "trade secret." What exactly is a trade secret and is it any different from patents? Find out the answer to this question in this article.

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Will (law)

Will, in law, a written document in which a person (called the testator) tells what he wants done with his property after his death.

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Why are some national contests invalid in certain states and other countries?

Why are most national contests in the United States, void in Rhode Island? And what does "void where prohibited" mean? Also, why are these contests open only to U.S. (and sometimes Canadian) residents?

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Why do you see 10 9 8 7 6 5 4 3 2 1 on the copyright page of many books?

On the first or second page of many books, near the copyright notice, there is often a series of numbers that go "10 9 8 7 6 5 4 3 2 1". Why are these numbers there?

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