Search Results for: VOLUNTARILY

stranger

stranger. 1. One who is not party to a given transaction; esp., someone other than a party or the party’s employee, agent, tenant, or immediate family member. [Cases: Contracts 185. C.J.S. Contracts §§ 610–612, 619–620.] 2. One not standing toward another in some relation implied in the context; esp., one who is not in privity.

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supersedere

supersedere (s[y]oo-p[schwa]r-s[schwa]-deer-ee). [Law Latin] Hist. SIST. “When creditors voluntarily agree to supersede or sist diligence against their debtor for a certain period, such an agreement is called a supersedere; and the same name is given to any judicial act by which creditors are restrained from doing diligence. A creditor who commits a breach of the

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termination fee

termination fee. A fee paid if a party voluntarily backs out of a deal to sell or purchase a business or a business’s assets. • Termination fees are usu. negotiated and agreed on as part of corporate merger or acquisition negotiations. The fee is designed to protect the prospective buyer and to deter the target

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insimul computassent

insimul computassent (in-sim-[schwa]l orin-si-m[schwa]l kahm-pyoo-tas-[ schwa]nt). [Law Latin “they accounted together”] Hist. A count in an assumpsit action asserting that the parties had reviewed their accounts and that the defendant voluntarily agreed to pay the amount sought by the plaintiff. • This term derives from the initial words of the count.

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foster care

foster care. 1. A federally funded child-welfare program providing substitute care for abused and neglected children who have been removed by court order from their parents’ or guardians’ care or for children voluntarily placed by their parents in the temporary care of the state because of a family crisis. 42 USCA §§ 670–679a. • The

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