An understanding that the rest of the goods will be of

The same standard as the example

Security property pledged in order to secure the

Fulfilment of a promise or loan

Security agreement agreement whereby a person grants

Interest in his or her property to another as collateral

In order to guarantee performance of an obligation

Security interest any interest in property acquired by

Agreement or operation of law for the purpose of

Securing payment or performance of an obligation

Senior partner person who has been a partner of a law

Firm for many years (the exact number of years may

Differ in each firm); in some law firms, an official title

Given to some partners

Serve (a document on someone) to deliver a legal

Document to someone (which usually demands they go

To a court of law or obey an order)

Sex discrimination different treatment, usually awarding

Privileges to some and denying privileges to others,

Based on gender

Share consolidation (UK) proportional exchange of

Existing shares in the corporation for a fewer number

Of shares, each with greater value (US reverse stock

Split)

Share subdivision (UK) exchange of a multiple of new

Shares for each old share such that shareholdings are

In the same proportion afterwards (US stock split)

Sherman Act (US) US federal statute which was passed

In 1890 and which prohibits interference with free

Competition and aims to limit monopolies and trusts.

Any agreement or combination which has the effect of

Restraining trade is prohibited under this statute.

Shrink-wrap contract licence agreement or contractual

Terms and conditions that appear on the outside

Packaging of an item. Acceptance by the consumer is

Confirmed by the opening of the package. Often used

In the software industry.

Sic (Latin) thus

Single European market established under the Single

European Act, came into effect on 1 January 1993;

The core of the process of European economic

Integration, involving the removal of obstacles to the

Free movement of goods, services, people and capital

Between member states of the European Union

Small-claims court court that handles civil claims for

Limited amounts of money

sole practitioner lawyer who practises on his/her own

Solicitor (UK) lawyer who is qualified to give legal advice

And prepare legal documents

Solo practice law practice with only one lawyer

solvent able to pay one's debts

Special damages (also consequential damages)

Damages that are awarded due to a particular wrong

Or particular circumstances

Special resolution resolution on major decisions of a

company (such as changing the company's articles or

Reducing its share capital) at a general meeting that

must be passed by a certain majority, usually 75%

Specific performance when a court orders the breaching

Party to perform its part of a contract

Statute formal written law created by a legislative body

Such as a parliament, as opposed to a law created

Through the courts

Statute of Frauds piece of legislation which declares

That certain kinds of contracts, for example those

Date: 2015-12-11; view: 608