defect of substance
An imperfection in the substantive part of a legal document, as by omitting an essential term. Cf. DEFECT OF FORM.
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Search Results for: PERFECTION
defective
defective, adj. 1. (Of a position, right, act, or process) lacking in legal sufficiency (defective execution of documents) (defective service of process). 2. (Of a product) containing an imperfection or shortcoming in a part essential to the product’s safe operation (defective wiring caused the accident). [Cases: Products Liability 8. C.J.S. Products Liability §§ 11–15.]
security agreement
security agreement 担保协议；担保合同 通过该协议，在特定的动产或不动产上创设或提供某种权益，以担保债务的履行。 (→perfection of security interest; purchase money security interest; secured transaction; security interest)
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product defect
An imperfection in a product that has a manufacturing defect or design defect, or is faulty because of inadequate instructions or warnings. [Cases: Products Liability 8, 11, 14. C.J.S. Products Liability §§ 11–15, 19–21, 25–29.]
notice filing
notice filing. The perfection of a security interest under Article 9 of the UCC by filing only a financing statement, as opposed to a copy or abstract of the security agreement. • The financing statement must contain (1) the debtor’s signature, (2) the secured party’s name and address, (3) the debtor’s name and mailing address,
accretion
accretion ([schwa]-kree-sh[schwa]n). 1. The gradual accumulation of land by natural forces, esp. as alluvium is added to land situated on the bank of a river or on the seashore. Cf. ALLUVION; AVULSION(2); DELICTION; EROSION. [Cases: Navigable Waters 44; Waters and Water Courses 93. C.J.S. Navigable Waters § 94; Waters §§ 177–182, 184–185.] 2. Any increase
laesio enormis
laesio enormis (lee-shee-oh i-nor-mis). [Law Latin “excessive loss” or “abnormal loss of more than half”] Roman & civil law. 1. The sale of a thing for which the buyer paid less than half its real value. • The seller could rescind the sale, but the buyer could keep the item purchased by paying the full
hidden defect
A product imperfection that is not discoverable by reasonable inspection and for which a seller or lessor is generally liable if the flaw causes harm. • Upon discovering a hidden defect, a purchaser may revoke a prior acceptance. UCC § 2-608(1)(b). — Also termed latent defect; inherent defect. [Cases: Sales 119. C.J.S. Sales §§ 194,