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What Is Commercial Litigation?

Law involves a wide breadth of areas and specializations. Each field of law caters to a specific issue or matter. One such area refers to commercial litigation wherein the issue or matter involved refers to that of businesses or corporations. This area of law often deals with disputes relating to...

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MBA Students Must Adapt to Land That Dream Job

Students contemplating the pursuit of an MBA degree need to be heedful of rapidly changing dynamics in the business sector. Many students graduating with an MBA degree are finding themselves on the outside looking in. MBA candidates need to analyze the current business climate and choose the right...

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What Is Racketeering?

In a nutshell, racketeering is an illegal business scheme set up by a group with the goal of making a profit. Activities can include bribery, sexual exploitation of children, and illegal gambling—though there are much, much more. For example, the group may be involved in theft, fraud or extortion...

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What Is Conservatorship?

Conservatorship is also known as guardianship, and it refers to the control and regulation of one entity over another. Usually, a conservatorship applies to adults while a guardianship applies to children. However, both terms essentially mean the same thing. A conservatorship or guardianship occurs...

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What Is a Simple Contract?

A simple contract is a verbal agreement between 2 individuals or entities. The agreement may be written or oral. A contract details the transaction that is to occur between 2 parties. Such details include what goods or services are exchanged under a certain price or what promises are made under...

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What Is Legal Negotiation?

In the course of a court case, a legal counsel representing either the plaintiff or the defendant may enter into negotiations with the opposing counsel in order to come to an agreement rather than a court decision. Negotiations under these circumstances are referred to as legal negotiations. The...

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What Are Usury Laws?

When individuals wish to borrow money or make a loan, they are charged a certain amount of money for a period of time called interest to ensure that such individuals pay on time or early. In order to avoid loaners or borrowers abusing the interest rate by setting at any rate they want, laws were...

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What Is Credit Fraud?

Fraud is usually defined as misrepresentation of and by one party that eventually leads to losses or damages inflicted on another party. The latter may bring the former to court trial by filing a suit generally called fraud litigation. This type of legal process is a civil lawsuit wherein the...

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What Is Appurtenance?

An appurtenance is a term for something subordinate attached to a more important thing. For example, the equipment consisting of miscellaneous things needed for a certain operation or sport, like the rigging or tackle of a ship, is an appurtenance. Appurtenances can either be physical or intangible...

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What Is a Credit Facility?

A credit facility is a kind of loan that is taken on by corporations. A credit facility may also refer to a collection of loans that corporations take on. More often than not, a corporation sets up a credit facility that involves many different kinds of lines of credit. This is done with the...