Under Article 9 of the Uniform Commercial Code (UCC), goods refers to all things that are moveable when a security interest attaches, including; crops, fixtures, timber to be cut and removed, manufactured homes, and the young of animals that...
commercial law
goods and chattels
Goods and chattels generally refer to property that is not real estate, but the extent of the terms' coverage of property is highly challenged and jurisdiction specific. In common law, the term broadly included any moveable property or...
gun jumping
Gun jumping refers to unlawful activities by a company awaiting regulatory approval for a transaction. The term arises in the context of (1) securities regulation and (2) anti-trust regulation.
(1) Gun jumping in Securities Regulation...incidental beneficiary
An incidental beneficiary is a term used in contract law to refer to a third party who benefits from a contract between two other parties, but is not intended to benefit. In other words, the contract between the two parties is not made for...
income
Income is money or value that an individual or business entity receives in exchange for providing a good or service or through investing capital. The Haig-Simons model of income is commonly used in economics, which considers the following...
incorporator
Incorporator is the individual who files the Articles of Incorporation on behalf of a business, thereby incorporating the business with the relevant state. An incorporator takes care of all the paperwork required for incorporating a business...
infringement
Overview:
An infringement is a violation, a breach, or an unauthorized act. Infringement occurs in various situations. A harm to one’s right is an infringement. A violation of a statute is also an infringement. In a commercial contract, an...
inherent authority
Inherent authority refers to an agent's power to act on behalf of a principal, even though that power has not been specifically or implicitly granted by the principal. This type of authority arises only in situations where it is necessary for...
integration
Generally, integration is the act of making something whole or uniting separate things. In contract law, integration is the full expression of an agreement between parties on some subject matter.
Integration can be complete...
interstate commerce
Interstate commerce is the general term for transacting or transportation of products, services, or money across state borders. Article I section 8 clause of the U.S. Constitution, the commerce clause, grants Congress the power to “regulate commerce...