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Definition
| Any personal property affixed to real property in such a way as to become part of the real property. |
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| Currency, coins, bank notes, and sometimes traveler’s checks, credit card slips, and money orders held for sale to the public. |
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| Written instruments representing either money or other property, such as stocks and bonds. |
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Definition
| As defined in commercial general liability and auto forms, a land motor vehicle, trailer, or semitrailer designed for travel on public roads, including attached machinery or equipment; or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law in the state where it is licensed or principally garaged. |
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| Various types of vehicles designed for use principally off public roads, such as bulldozers and cranes. |
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| A vehicle used for sports and recreational activities, such as a dune buggy, all-terrain vehicle, or dirt bike. |
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Definition
| A lender in a mortgage arrangement, such as a bank or another financing institution. |
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| The person or organization that borrows money from a mortgagee to finance the purchase of real property. |
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Definition
| The party temporarily possessing the personal property in a bailment. |
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Definition
| The legally enforceable obligation of a person or an organization to pay a sum of money (called damages) to another person or organization. |
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| The Constitution itself and all the decisions of the Supreme Court that involve the Constitution. |
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| A written law passed by a legislative body, at either the federal or state level. |
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| The formal laws, or statutes, enacted by federal, state, or local legislative bodies. |
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| Laws that develop out of court decisions in particular cases and establish precedents for future cases. |
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Definition
| The branch of the law that imposes penalties for wrongs against society. |
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Definition
| A classification of law that applies to legal matters not governed by criminal law and that protects rights and provides remedies for breaches of duties owed to others. |
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Definition
| A wrongful act or an omission, other than a crime or a breach of con- tract, that invades a legally protected right. |
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| The branch of civil law that deals with civil wrongs other than breaches of contract. |
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| The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others. |
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Definition
| A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened. |
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| A person or organization that has committed a tort. |
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Definition
| A legal responsibility that occurs when one party is held liable for the actions of a subordinate or associate because of the relationship between the two parties. |
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Definition
| A tort committed by a person who foresees (or should be able to fore- see) that his or her act will harm another person. |
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Definition
| The threat of force against another person that creates a well-founded fear of imminent harmful or offensive contact. |
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Definition
| Intentional harmful or offensive physical contact with another person without legal justification. |
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| A false written or oral statement that harms another’s reputation. |
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Definition
| A defamatory statement expressed by speech. |
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Term
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Definition
| A defamatory statement expressed in a writing. |
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Definition
| The seizure or forcible restraint of a person without legal authority. |
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Definition
| An encroachment on another person’s right to be left alone. |
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Term
| Strict liability (absolute liability) |
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Definition
| Liability imposed by a court or by a statute in the absence of fault when harm results from activities or conditions that are extremely dangerous, unnatural, ultrahazardous, extraordinary, abnormal, or inappropriate. |
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Term
| Hold-harmless agreement (or indemnity agreement) |
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Definition
| A contractual provision that obligates one of the parties to assume the legal liability of another party. |
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Definition
| A written or oral statement in a contract that certain facts are true. |
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Definition
| Legal liability imposed by a specific statute or law. |
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Term
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Definition
| A condition that presents the possibility of loss caused by a person’s death, disability, retirement, or resignation that deprives an organiza- tion of the person’s special skill or knowledge that the organization cannot readily replace. |
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Definition
| An employee whose loss to a firm through death or disability before retirement would have economic effects on the company. |
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Definition
| The inability (because of impairment) of a person to meet his or her personal, social, or occupational demands; other activities of daily living; or statutory or other legal requirements. |
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