Regarding land, marriage and the sale of goods worth

Over a certain amount of money, will be invalid unless

Put into writing and signed by both parties. The

Original statute was enacted in England in 1677 and

Serves as a basis for the US statutes.

Statutory forms forms required by law

Statutory lien security interest created by legislation due

To the economic relationship between the debtor and

The creditor

Stipulated damages see liquidated damages

Subject matter thing under consideration in a contract

Submit to deliver a document formally for a decision to

Be made by others

Subscriber person who has purchased stock in the

Company by an agreement

sui juris (Latin) of one's own right; able to exercise one's

Own legal rights

Glossary E

Takeover bid (UK) offer by one company to purchase at

Minimum a controlling number of voting shares of

Another company (US tender offer)

Tangible chattel property other than land that is capable

Of being touched or felt

Target company that is the object of a takeover attempt

Tax lien lien on property arising from unpaid taxes

Tenement property which is the subject of tenure (a

Mode of occupying land whereby possession is held

By a tenant, but absolute ownership lies in another

Person), i.e. land

Term of years fixed period of time for which an estate is

Granted

Termination of employment end of the work term or

Employment

Terms and conditions of employment fixed period of

Time for which one is employed and the provisions

Under which employment is held

Third-party beneficiary person who is not party to a

Contract, but still benefits from it and has legal rights

To enforce it

Third-party beneficiary contract contract that provides

For rights and duties to be conferred on a person who

Is not party to the contract

Tie-in arrangement (also tying arrangement, tied

Arrangement) agreement which forces the buyer to

Purchase a second product when the buyer purchases

The first product. The product that the buyer originally

Wants to purchase is called a tying product and the

Second product he or she is forced to purchase with

The first is called a tied product. These arrangements

May also be applied to services.

Title right to control and dispose of property or the right

To ownership in property

To the bearer of expression designating that the sum of

Money of a note or cheque is payable to whomever

Holds the document

To the order of expression designating the person to

whom the sum of money on a note/cheque is payable

Tort wrong committed between private individuals for

Which the law provides a remedy

Trade mark (UK) word, phrase or symbol used by a

Manufacturer, seller or dealer to distinguish their

Goods apart from the goods of others (US trademark)

Trade secret formula, technique, process or the like which

Is kept confidential and used by only one business in

Attempt to maintain a competitive advantage

Trade union (UK) association of employees formed to

Further their mutual interests with respect to their

Employment, for example working hours, wages,

Date: 2015-12-11; view: 903