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Sole proprietorships
SOLE PROPRIETORSHIP A sole proprietorship is the simplest form of business ownership. Not surprisingly, the vast majority of small businesses begin their existence as sole proprietorships. A sole proprietorship has but one owner. That sole owner may engage in any form of legal business activity any... Read more |
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flotsam jetsam and ligan
jetsam flotsam, and ligan [O.Fr.], in maritime law, goods lost at sea as distinguished from goods washed ashore (wreck). Goods that remain floating on the surface after a shipwreck or accident are called flotsam (or floatsam or flotsan), while jetsam refers to goods thrown overboard, or jettisoned... Read more |
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general average
general average, a term in marine insurance for the adjustment of a loss when cargo on board a ship belonging to one or more owners has been sacrificed for the safety of the whole, whereby the amount of the loss is shared by all who have shipped cargo in the vessel. A case for general average would... Read more |
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Theater Owners Booking Association
Toba ETHNONYMS: Callagaes, Frentones, L'añ Read more |
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American Kennel Club
American Kennel Club (AKC), national organization in the United States devoted to the advancement and welfare of pure-bred dogs. It is comprised of approximately 500 autonomous clubs. A delegate represents each club in the AKC's legislative body, which votes on the rules and regulations that govern... Read more |
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jettison
jettison [O.Fr.,=throwing], in maritime law, casting all or part of a ship's cargo overboard to lighten the vessel or to meet some danger, such as fire. Such cargo, when found later, is known as jetsam (see flotsam, jetsam, and ligan ). The master of the ship has the absolute right to jettison... Read more |
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Corpse
CORPSE The physical remains of an expired human being prior to complete decomposition. Property and Possession Rights In the ordinary use of the term, a property right does not exist in a corpse. For the purpose of burial, however, the corpse of a human being is considered to be property or... Read more |
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Home Owners Loan Corporation
Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property.... Read more |
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Just Compensation
JUST COMPENSATION Equitable remuneration to the owner of private property that is expropriated for public use through condemnation, the implementation of the governmental power of eminent domain. The fifth amendment to the U.S. Constitution proscribes the taking of private property by the... Read more |
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Virginia. Declaration of Rights of 1776
Virginia Declaration of Rights The virginia declaration of rights was adopted by the Virginia colonial constitutional convention on June 12, 1776. Its sixteen sections enumerated specific civil liberties that could not be legitimately taken away by government. Most of the Declaration of Rights was... Read more |
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