Search Results for: EXEMPT

deviation doctrine

deviation doctrine. 1. A principle allowing variation from a term of a will or trust to avoid defeating the document’s purpose. 2. A principle allowing an agent’s activity to vary slightly from the scope of the principal’s permission. 3. Maritime law. The rule that a carrier loses the benefit of its limitations and exemptions under […]

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good samaritan law

A statute that exempts from liability a person (such as an off-duty physician) who voluntarily renders aid to another in imminent danger but negligently causes injury while rendering the aid. • Some form of good-samaritan legislation has been enacted in all 50 states and in the District of Columbia. — Also written Good Samaritan law.

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colorable

colorable, adj. 1. (Of a claim or action) appearing to be true, valid, or right (the pleading did not state a colorable claim). 2. Intended to deceive; counterfeit (the court found the conveyance of exempt property to be a colorable transfer, and so set it aside).

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457 plan

A type of deferred-compensation plan for employees of state and local governments and tax-exempt organizations that operates much like a 401(k) plan, but (except for governmental plans) is unfunded. IRC (26 USCA) § 457.

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work product rule

work-product rule. The rule providing for qualified immunity of an attorney’s work product from discovery or other compelled disclosure. Fed. R. Civ. P. 26(b)(3). • The exemption was primarily established to protect an attorney’s litigation strategy. Hickman v. Taylor, 329 U.S. 495, 67 S.Ct. 385 (1947). — Also termed work-product immunity; work-product privilege; work-product exemption;

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