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10-Dec-2019 03:17

Acceleration Clause: Any clause in a contract which spells out that when certain actions are taken, the clause comes into effect.

For example, a landlord might grant an abatement in rent.

Action: A proceeding in a Court of law where one person seeks a Court Order for the enforcement of that person's or company's rights. For example, affidavits may be addendums to a petition as a petition may be an addendum to a writ.

Ademption: A reference to the fact that property identified in a will cannot be given to the beneficiary because it no longer belonged to the deceased at the time of death.

Acquiescence: Action or inaction which binds a person legally even though it was not intended as such.

Act: A bill which has passed through the various legislative steps and, hence, has become law.Agent: A person who has received, usually by appointment, the power to act on behalf of another.