Search Results for: GREE

lodestar

lodestar. 1. A guiding star; an inspiration or model. 2. A reasonable amount of attorney’s fees in a given case, usu. calculated by multiplying a reasonable number of hours worked by the prevailing hourly rate in the community for similar work, and often considering such additional factors as the degree of skill and difficulty involved […]

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assignment for the benefit of creditors

assignment for the benefit of creditors. Assignment of a debtor’s property to another person in trust so as to consolidate and liquidate the debtor’s assets for payment to creditors, any surplus being returned to the debtor. • This procedure serves as a state-law substitute for federal bankruptcy proceedings. The debtor is not discharged from unpaid

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graymail

graymail. A criminal defendant’s threat to reveal classified information during the trial in the hope of forcing the government to drop the criminal charge. Cf. BLACKMAIL(1); GREENMAIL(1), (2); FEEMAIL.

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tender of delivery

A seller’s putting and holding conforming goods at the buyer’s disposition and giving the buyer any notification reasonably necessary to take delivery. • The manner, time, and place for tender are determined by the agreement and by Article 2 of the Uniform Commercial Code. [Cases: Sales 153. C.J.S. Sales §§ 161–162, 164, 182.]

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