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valuable papers

valuable papers. Documents that, upon a person’s death, are important in carrying out the decedent’s wishes and in managing the estate’s affairs. • Examples include a will, title documents, stock certificates, powers of attorney, letters to be opened on one’s death, and the like. Some statutes require that, to be effective, a holographic will devising

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code

code. 1. A complete system of positive law, carefully arranged and officially promulgated; a systematic collection or revision of laws, rules, or regulations (the Uniform Commercial Code). • Strictly, a code is a compilation not just of existing statutes, but also of much of the unwritten law on a subject, which is newly enacted as

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scope note

scope note. In a digest, a précis appearing after a title and showing concisely what subject matter is included and what is excluded. “In the Century and Decennial Digests, though not in the various digests of the Key-Number Series, there is printed immediately following each topic title a couple of paragraphs which are called the

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coparcenary

coparcenary (koh-pahr-s[schwa]-ner-ee), n. An estate that arises when two or more persons jointly inherit from one ancestor, the title and right of possession being shared equally by all. • Coparcenary was a form of coownership created by common-law rules of descent upon intestacy when two or more persons together con-stituted the decedent’s heirs. Typically, this

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unfair trade

unfair trade. An inequitable business practice; esp., the act or an instance of a competitor’s repeating of words in a way that conveys a misrepresentation that materially injures the person who first used the words, by appropriating credit of some kind earned by the first user. [Cases: Trade Regulation 862. 1.]

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