Disclosure imposed on corporate directors, officers and

Parties to a contract

Fair use (US) see right of fair use

Fee simple whole interest in a piece of real property; the

Broadest interest in property allowed by common law

Fee tail estate which lasts as long as the original

Grantee or any of his descendants live

Fiduciary duty obligation to act solely in the best

Interests of another

File with to officially record (e.g. in a court of law)

Financing measures methods of securing funds or money

First-in-time rule which distinguishes which creditor has

first claim over a debtor's assets

Fitness for a particular purpose if a buyer is buying

Property for a certain reason and the seller knows

This, then this warranty exists by law to guarantee that

The property is suitable for that certain reason.

Sometimes referred to as warranty of fitness.

Fixed charge (UK) grant of security for a loan on a

Specific asset or on specific assets whereby the

Creditor has first claim to recover upon default by the

Debtor (US security interest in specific assets; (prior to

UCC) chattel mortgage)

Floating charge (UK) form of security interest over the

debtor's assets which may change on a daily basis,

Such as stock; a grant of security for a loan on the

company's assets in general, and not on any specific

Asset (US floating lien)

Foreseeability reasonable anticipation of possible results

Of an action

Glossary

E

Foreseeability rule rule that states that damages are

Only recoverable when it can be established that the

Damage was reasonably anticipated by the breaching

Party at the time the contract was entered into

Form model document or agreement with blank spaces

To be filled in

Formation act of bringing a contract into existence

Fraud deliberate misrepresentation or concealment of a

Material fact to gain an advantage

Fraud in the inducement act of misrepresenting or

Misleading someone so as to entice them to enter

Into a contract or agreement

Freehold estate property whose duration of ownership or

Occupation is not determined

Friendly takeover situation where a company attempts to

Buy another company with approval of the board of

Directors of the company that is being bought

Gain control to obtain the power to direct or have

Influence over the management of a company

Garnishment 1) claim or interest resulting from a legal

Proceeding in which party A (creditor) requests a

Court to issue an order or writ against party B

(garnishee) holding property of or owing money (e.g.

Bank account or wages) to party C (debtor) to

Release the relevant property or money to the

Creditor; 2) the whole process involved in the legal

Proceedings described in 1) above

General creditor creditor who has no lien or security for

payment against the debtor's assets (also known as

An unsecured creditor)

General damages (also actual damages) compensation

For proven injury or loss

Genuine occupational qualification limited

Circumstances where sex or marital status may be

Used as a job requirement

Date: 2015-12-11; view: 631