colorable alteration. Intellectual property. A modification that effects no real or substantial change, but is made only to distinguish an invention or work from an existing patent or copyright; a small change made in a product or process solely to avoid literal infringement of an earlier patent’s claim. — Also termed colorable deviation. [Cases: Patents […]
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right of preemption. A potential buyer’s contractual right to have the first opportunity to buy, at a specified price, if the seller chooses to sell within the contracted period. • For example, if Beth has a right of preemption on Sam’s house for five years at $100,000, Sam can either keep the house for five
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A potential loss that a corporation believes that it can cover either with available capital or with self-insurance.
nuptiales tabulae (n[schwa]p-shee-ay-leez tab-y[schwa]-lee). [Latin] Roman law. Marriage tablets — i.e., documents recording a marriage and the terms on which it was entered into. • These writings were not essential to the validity of a marriage.
parental-liability statute. A law obliging parents to pay damages for torts (esp. intentional ones) committed by their minor children. • All states have these laws, but most limit the parents’ monetary liability to about $3,000 per tort. Parents can also be held criminally liable for the acts of their children. One group of laws is
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release of expectancy 预期遗产的让与 指当然继承人〔heir apparent〕将自己可望继承的财产让与被继承人〔ancestor〕、潜在继承人〔potential heir〕或无遗嘱时的遗产继承人〔distributee〕。
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design defect. An imperfection occurring when the seller or distributor could have reduced or avoided a foreseeable risk of harm by adopting a reasonable alternative design, and when, as a result of not using the alternative, the product or property is not reasonably safe. [Cases: Products Liability 11. C.J.S. Products Liability §§ 19–21.] fatal defect.
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garandia (g[schwa]-ran-dee-[schwa]). [Law Latin] Hist. A warranty. — Also spelled garantia (g[schwa]-ran-shee-[schwa]).
bubble. Slang. A dishonest or insubstantial business project, generally founded on a fictitious or exaggerated prospectus, designed to ensnare unwary investors.
In a pleading, an assertion that is essential to the claim, charge, or defense [a material alle-gation in a battery case is harmful or offensive contact with a person].
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