Nonprofit Corporation in United States Plain-English Law Nonprofit Corporation as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A business structure that allows people to come together to obtain support for an organization (such as a club) or for some public purpose (such as a […]
State Court in United States Plain-English Law State Court as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A court that decides cases involving state law or the state constitution. State courts have jurisdiction to consider disputes involving individual defendants who reside in […]
Community Property in United States Community Property Definition Property acquired during the existence of the matrimonial relation, which in some states (Louisiana, Texas, New Mexico, Arizona, California, Idaho, and Washington) belongs equally to the spouses. The doctrine is of Spanish […]
Executor in United States Executor Definition One to whom another man commits by his last will the execution of that will and testament. 2 Bl. Comm. 503. A person to whom a testator by his will pommits the execution, or putting in force, of that instrument and its codicils. Fonbl. Rights & […]
Witness in the United States A person who offers testimony or presents evidence to a court or investigative body. Witnesses are generally divided into two categories. The first is the lay witness. This is a person who has direct or personal knowledge of facts at issue in the case. Lay […]
Real Estate Broker in United States Plain-English Law Real Estate Broker as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A real estate professional one step up from a real estate agent. A broker has more training and can supervise agents.
Real Estate Agent in United States Plain-English Law Real Estate Agent as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate in exchange for a […]
Limited Liability Partnership in United States Plain-English Law Limited Liability Partnership as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):(LLP) A type of partnership recognized in a majority of states that protects a partner from personal liability for negligent acts […]