A contract between a real-estate agency and a property owner in which the agency agrees to buy the property at a guaranteed price after a specified length of time if it has not been sold under the listing agreement. • The guaranteed price is usu. a substantial discount from the listed price. — Also termed […]
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army. 1. A military force, esp. of ground troops. [Cases: Armed Services 4. C.J.S. Armed Services §§ 14, 16–17, 19, 37.] 2. Any substantial group of individuals armed for combat. 3. A vast, organized group. regular army. The permanent military establishment, maintained during both war and peacetime.
double-dipping, n. An act of seeking or accepting essentially the same benefit twice, either from the same source or from two different sources, as in simultaneously accepting retirement and unemployment benefits. [Cases: Social Security and Public Welfare 721–728. C.J.S. Social Security and Public Welfare §§ 209–210, 213, 291–293.] — double-dipper, n.
A party’s expenditures to prepare property to withstand or prevent potential future harm. • These costs are not related to any existing property damage and are usu. not recoverable under insurance contracts.
jury process. 1. The procedure by which jurors are summoned and their attendance is enforced. [Cases: Jury 67. C.J.S. Juries § 319.] 2. The papers served on or mailed to potential jurors to compel their attendance.
A patent claim that limits its scope to a list of elements but does not expressly exclude close analogues. The claim is typically introduced by a phrase such as “consisting essentially of.” Cf. closed-ended claim; open-ended claim.
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comparable accommodation. A standard used for determining the maximum allowable rent in rent-regulated housing. • In applying this standard, a court reviews the prevailing rent for substantially similar housing units in the same area. [Cases: Landlord and Tenant 200.24.]
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Twentieth Amendment. The constitutional amendment, ratified in 1933, that changed the date of the presidential and vice-presidential inaugurations from March 4 to January 20, and the date for congressional convention from March 4 to January 3, thereby eliminating the short session of Congress, during which a number of members sat who had not been reelected
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A dual agreement consisting of an agreement by the consumer to purchase goods or services (usu. at an inflated price) and an agreement by the seller to compensate the consumer for each customer (or potential customer) referred to the seller. — Also termed referral sales agreement. Cf. PYRAMID SCHEME. [Cases: Consumer Protection 12. C.J.S. Credit
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private, adj. 1. Relating or belonging to an individual, as opposed to the public or the government. 2. (Of a company) not having shares that are freely available on an open market. 3. Confidential; secret.