United States v. Darby is a Supreme Court of the United States case that revolves around the Fair Labor Standards Act of 1938 and issues of federalism. Congress set out federal standards for employment conditions, specifically addressing...
commercial law
de jure corporation
A de jure corporation is a corporation whose legal right to exist cannot be questioned even by the state. De jure is a Latin term that means “by right” or “rightfully such.” Ordinarily, a de jure corporation is established by complying with...
dealer
A dealer has two common definitions in the legal context:
A retailer who purchases goods or services for resale to consumers in a principal capacity. In securities law, a person who functions at least part time as an agent, broker, or...debenture
Debentures refer essentially to unsecured bonds within the United States. Corporations and governments use debentures as long term funding options, usually for major expansions and projects in the case of corporations. Debentures have set...
debit card
A debit card is a card issued by a bank that allows the cardholder to purchase goods and services. A debit card also allows the cardholder to withdraw money from his/her bank account through an ATM, like an ATM card. A debit card functions...
debt collector
Under the Fair Debt Collections Practices Act, 15 U.S.C. § 1692(a), a debt collector is defined as any business with the principal purpose of collecting debts for third parties via an instrumentality of interstate commerce or the U.S. mails....
debtor
A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money. A classic example is within the situation where a bank extends a loan to an individual or business entity, creating the...
debtor and creditor
Debtor-creditor law governs situations where one party, known as the debtor, is unable to pay a monetary debt to another, known as the creditor. Debtor-creditor law typically plays out through bankruptcy proceedings.
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default
A default is a failure to fulfill an obligation. Defaulting is most common in regards to debtor-creditor law and contract law. Typically, a default leads to judicial proceedings or triggers the application of a separate contract provision....
denied persons list
The Denied Persons List is a list of people and companies whose export and reexport privileges have been denied by the Department of Commerce’s Bureau of Industry and Security (BIS). An American company or individual may not participate in...