commercial transactions

civil code

A civil code is a codification of private law relating to contracts, property, family, and obligations. Commonly, a state that has a civil code generally also has a code of civil procedure. In some states with a civil code, some core fields...

claim in bankruptcy

A claim in bankruptcy refers to a claim made by a creditor to establish that they are entitled to a portion of the assets of an estate which filed bankruptcy.

Filing a claim in bankruptcy is necessary if a creditor wants to...

classical theory of insider trading

The classical theory of insider trading is a form of insider trading where a corporate insider—i.e. an employee, director, or officer—commits securities fraud under Rule 10b-5 by trading in securities of their company on the basis of material...

Clayton Antitrust Act

The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, is one of the primary pieces of antitrust legislation in the United States. This act was designed to bolster the Sherman antitrust Act and outlaws the following conduct:

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Clean Air Act (CAA)

The Clean Air Act (CAA), codified in U.S.C. Title 42, Chapter 85, is a central piece of legislation in the field of environmental law which promulgates uniform national standards for a wide range of air pollutants and sources. The CAA...

Clean Water Act (CWA)

The Clean Water Act (CWA), encoded in 33 U.S.C. Chapter 26, is a landmark piece of legislation in the field of environmental law designed to prevent and repair water pollution in the United States. The Environmental Protection Agency,...

close corporation

A close corporation is a corporation which is held by a limited number of shareholders and is not publicly traded. A close corporation can generally be run directly by the shareholders (without a formal board of directors and without a formal...

co-operative (co-op)

A cooperative, often called a co-op, is any association of members of a similar profession or industry that work together to process, prepare, market, handle products and supplies. A cooperative operates for the benefits of its members by...

COBRA

COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal statute, passed in 1985, that provides employees and their families the right to continue group health benefits under an employers group health plan if their work...

code

In the practice of law, a code is an organized compilation of existing laws. It is a collection of all the laws in force, including the enacted laws and case law, covering a complete legal system or a specific area. A code can make the...

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