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Central planning and a non-market economy.Material breach breach of contract which is so Fundamental or significant that the non-breaching party Is excused from its contractual obligations and may Recover damages mechanic lien (also mechanic's lien) lien to secure Payment for labour or materials used in constructing Or repairing buildings or other structures Memorandum of association (UK) legal document that Sets out the important elements of the corporation, Including its name, address, objects and powers. It is One of the two fundamental documents upon which Registration of a company is based. (US articles of Incorporation) Merchant person who is engaged in the buying and Selling of goods for profit Merchantability warranty implied by law that something Is fit for the ordinary purposes for which it is used Merger acquisition of one company by another resulting In dissolution of one and survival of the other Merger regulation legislation aimed at limiting Anti competitive concentration of market power. Law That seeks to ensure that the combination of Companies will not have any anticompetitive effects. Minority shareholder shareholder who holds less than Half the total shares outstanding and is therefore Unable to control the business of the company Minutes notes or records of business conducted at a Meeting Monopoly organisation or group that has complete Control of an area of business so that others have no Share Monopoly right exclusive right to make, use or sell an Invention Moot court fictitious court where law students argue Hypothetical cases Mortgage transfer of legal title of a property, often land, To another as security for payment of a debt Motion application to a court to obtain an order, ruling, Or decision Naked debenture (UK) unsecured debt (US debenture) Negotiable able to be transferred by endorsement or Delivery Negotiable instruments (UK) written and signed Documents which represent an intangible right of Payment for a specified sum of money on demand or At a defined time. Some examples are bills of Exchange, promissory notes, bank cheques or Certificates of deposit. (US commercialpaper) Nemo dat rule principle that states that one cannot give Away more than one possesses. If one does not Possess title to something, then one cannot transfer Title of that thing to another. Nominal capital (also authorised capital) total amount of Stock a company may offer to its shareholders Non-breaching party party to the contract that has not Violated its contractual obligations Non-consensual not agreed to or formed by agreement of All parties Non-monetary relief remedy that is not money, but rather Something else such as an injunction, a declaratory Judgment, specific performance or modification of a Contract Non-obvious quality of an invention being unexpected or Surprising or sufficiently different from other existing Things. It is often a requirement for obtaining a patent. Non-possessory type of security interest whereby the Date: 2015-12-11; view: 923
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