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governing document

Parliamentary law. A document that defines or organizes an organization, or grants or establishes its authority and governance. • An organization’s governing documents may include a charter, articles of incorporation or association, a constitution, bylaws, and rules. A charter or articles of incorporation or association, if they have been granted or adopted, are an organization’s

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jus

jus (j[schwa]s also joos or yoos), n. [Latin “law, right”] 1. Law in the abstract. 2. A system of law. 3. A legal right, power, or principle. 4. Roman law. Man-made law. • The term usu. refers to a right rather than a statute. Cf. FAS(1); JUS ANTIQUUM; LEX. — Abbr. J. — Also spelled

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embezzlement

embezzlement, n. The fraudulent taking of personal property with which one has been entrusted, esp. as a fiduciary. • The criminal intent for embezzlement — unlike larceny and false pretenses — arises after taking possession (not before or during the taking). — Also termed defalcation; peculation. See LARCENY; FALSE PRETENSES. [Cases: Embezzlement 1. C.J.S. Embezzlement

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bargain

bargain, n. An agreement between parties for the exchange of promises or performances. • A bargain is not necessarily a contract because the consideration may be insufficient or the transaction may be illegal. See BARGAIN SALE; informal contract under CONTRACT. [Cases: Contracts 1. C.J.S. Contracts §§ 2–3, 9, 12.] — bargain, vb. “A bargain is

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