Intro to Law pt 6

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Created by:

lwarner6  on September 12, 2011

Subjects:

law, legal, paralegal

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Intro to Law pt 6

trust
transaction developed by the courts of equity whereby a trustor conveys title to a trustee for the benefit of a beneficiary
1/23
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Terms

Definitions

trust transaction developed by the courts of equity whereby a trustor conveys title to a trustee for the benefit of a beneficiary
trustee one to whom the legal title to real or personal property is conveyed in a trust transaction so that trustee may hold such title for the benefit of a third party
trustorq maker of a trust, the one who conveys legal title to the trustee in a trust transaction a/k/a settlor
undue influence severe pressure of a moral nature that forces a person to enter into a contract he or she would otherwise have avoided
unfair competition business tort under which one person used unlawful means to compete with another in a business setting
Uniform Commercial Code model law setting up uniform rules for commerce such as the sale of goods, secured interests, and negotiable instruments that, when adopted by the various states, mitigates the problem of inconsistent state laws that hamper commerce
Uniform Simultaneous Death Act when testator and beneficiary die almost simultaneously, half the property passes as though testator has died first, and half as though the beneficiary had died first
unilateral contract contract that contemplates actual performance as the form of acceptance
United States Attorney attorney appointed by the President with the advice and consent of the Senate of a term of four years, reporting to the Attorney General; prosecutor of criminal cases in Federal court
United States Court of Appeals federal court of higher jurisdiction to which cases from a federal district court may be appealed
United States District Clerk supervisor of the record-keeping and service functions of a federal district court
United States Magistrate attorney appointed to assist a federal judge with administrative and judicial functions
United States Marshalq law enforcement officer in the executive branch of federal govt, reporting to the Attorney General
United States Probation Office section of the federal court system responsible for supervising persons or probation and parole
unjust enrichment doctrine under which one party unfairly receives a benefit not intended, it prevents a person from inequitably benefiting from another's mistake, poor judgment, or loss.
utility easement specified use of land for utilties
vendor's lien specific, equitable, involuntary lien filed by a seller against the property sold in the amount of any unpaid purchase price; not a direct interest in the property, but an equitable right in case all of the purchase money is not paid.
venue geographical location(s) where a court can exercise its jurisdiction; site where a case is being tried
voir dire French term, to speak the truth, the process used to select jurors;, the examination of prospective jurors by the judge or opposing lawyers to uncover signs of bias
widow's election will will giving the surviving spouse of a testator the option to take what the will gives the spouse or, alternatively, to take his or her own half share of the community property, irrespective of the provisions of the will
writ of assumpit doctrine from which contract law descended, stating that virtually no contract liability can be created except by agreement
writ of trespass in medieval times, a quasi-criminal remedy for redress of a direct and usually intentional injury
zoning ordinance local law by which a city regulates the use to which land may be put and structures that may be erected upon the land

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