Deregulation is the removal or reduction of governmental restrictions on business, industry, or activity. It is the process of freeing business and industry from government controls and regulations, typically by repealing laws or eliminating governmental agencies. The purpose of deregulation is to promote competition and allow businesses to operate with fewer restrictions. When businesses are … Read more
A zoning ordinance is a law enacted by a city or county government that regulates the use and development of land within its jurisdiction. Zoning ordinances are intended to promote the health, safety, and welfare of the community by preventing incompatible land uses from being located in close proximity to one another. Zoning ordinances typically … Read more
A usufruct is the right to use and enjoy the property of another person for a certain period of time. The usufructuary has the right to use the property for any lawful purpose, but he or she cannot destroy or damage it. At the end of the usufruct, the property must be returned to the … Read more
A writ of execution is a court order that allows a sheriff or other law enforcement officer to seize the property of a person who owes money to another person or entity. The writ of execution must be signed by a judge and delivered to the sheriff, who then posts a notice of sale. The … Read more
. Truth in Lending Act: Consumer Protections and Disclosures What kind of law is the Truth in Lending Act? The Truth in Lending Act is a federal law that requires lenders to provide borrowers with certain information about the cost of their loan. This includes the annual percentage rate (APR), the finance charge, and the … Read more
A writ is a formal written order issued by a court or other authority. Writs are typically used to issue orders to compel someone to do something, such as appear in court, or to stop someone from doing something, such as trespassing on property. Can writ be issued against a private person? There are a … Read more
Cost and Freight (CFR) is a trade term that requires the seller to deliver goods to a named port of destination and pay the costs of shipping and insurance. “Freight” in this context refers to the shipping costs. The seller is responsible for paying for transportation of the goods, but the buyer is responsible for … Read more
Rule 144A: What It Is, What It Allows, and Criticism What is a qualified institutional buyer Rule 144A? A qualified institutional buyer (“QIB”) is an institutional investor that meets certain eligibility criteria imposed by the U.S. Securities and Exchange Commission. Rule 144A of the SEC’s rules and regulations provides a safe harbor from certain registration … Read more
An implied warranty is a legal obligation imposed on a seller of goods, in which the seller guarantees that the product they are selling is fit for the purpose it was intended for. This warranty is not explicitly stated, but is implied by the law. What is breach of implied warranty of merchantability? The implied … Read more
A copyright is a form of intellectual property that gives its owner the exclusive right to make copies of a creative work, usually for a limited time. Copyright law covers a wide range of works, including books, music, movies, and sculptures. It is illegal to make copies of copyrighted works without the permission of the … Read more
