business law

alcohol

Alcohol is a set of chemical compounds consumed as a liquid by individuals for its intoxicating effect or used in industrial projects for its other unique properties.

Absent any specific regulation, alcohol is treated like...

alienable

Alienable means transferable.

An interest in property is alienable if it may be conveyed by one party to another. In general, all private property is alienable unless some contractual, common law, or statutory restriction...

alter ego

Alter ego is a legal doctrine whereby the court finds that a corporation lacks a separate identity from an individual or corporate shareholder. The court applies this rule to ignore the corporate status of a group of stockholders, officers,...

alternative dispute resolution - state statutes

Alabama- Title 6, Chapter 6 Alaska Arizona- Title 12, Article 2 Arkansas- Title 16, Subtitle1- 7 California (see Title 2, Division 3, Part 1, Chapter 4.5, Article 5) Colorado- Title 13, Article 22, Part 2 Connecticut- Title 52, Chapter 909...

ambiguity

Ambiguity means language in an agreement has more than one meaning. Cases such as this one from New York explain that ambiguity in the context of a contract is defined as “whether a reasonably intelligent person looking at the contract...

amend

To amend is to make a change by adding, subtracting, or substituting. For example, one can amend a statute, a contract, the United States Constitution, or a pleading filed in a lawsuit. Generally, procedures dictate the way in which one...

American Clean Energy and Security Act of 2009

The American Clean Energy and Security Act of 2009 (ACES)(also referred to as the Waxman-Markey bill) primarily sought to promote a clean energy economy, reduce greenhouse emissions, and create energy independence. The ACES would have created...

Americans with Disabilities Act (ADA)

The Americans with Disabilities Act (ADA) is a civil rights law, signed into law on July 26, 1990, by President George H.W. Bush, that prohibits discrimination against individuals with disabilities. This law is part of labor law and more...

amortization

Amortization has different meanings for loan payments and taxes. Amortization for loans refers to separating the payments for the loan principal and interest into periodic payments to where the loan is paid off at a specified time....

anchoring

In negotiations, “anchoring” refers to the common tendency of giving undue weight to the first value or number put forth, and to then inadequately adjust from or counter the first value or number, or the “anchor.”

Thus the...

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