At-will employment is an employment arrangement in which the employee may quit at any time, and the employer may fire the employee for any reason and at any point, so long as the dismissal isn’t for an unlawful reason. For example, an...
contracts
attached
Attached property is property that has been seized pursuant to a court order, either as a provisional pre-judgment remedy or for the enforcement of a final judgment. Property may be attached only after the commencement of a lawsuit. In a pre-...
attachment
An attachment is a court order seizing specific property. Attachment is used both as a pre-trial provisional remedy and to enforce a final judgment.
Sometimes, courts attach a defendant's property as a provisional remedy to...
attestator
An attestator is a person who attests or verifies the authenticity of a document or signature by adding their own signature or stamp. Accordingly, such a document becomes attested, which means it has been acknowledged as an authentic document...
bad faith
Bad faith refers to dishonesty or fraud in a transaction. Depending on the exact setting, bad faith may mean a dishonest belief or purpose, untrustworthy performance of duties, neglect of fair dealing standards, or a fraudulent intent. It is...
bailee (custodian)
Bailee is a person who receives possession of a property or goods, usually pursuant to a contract of bailment. A bailee is responsible for the safe return of the property or goods to the owner (bailor) when the contract is fulfilled. Unlike a...
bailor
A bailor is a person or party who delivers a bailment. A bailor entrusts personal goods or other property to a bailee until its restoration to the bailor. That entrustment is temporary, and the bailor only relinquishes possession of the good...
balance due
Balance due is the amount owed on a previous statement for which payment has been required but not been made. It is usually manifested as the amount of a debt still owed on an account or the principal outstanding on a promissory note. Balance...
balloon mortgage
A balloon mortgage is a mortgage where the payments are not large enough to pay off the entire mortgage during its amortization period. Thus, the borrower must make an extra-large payment at the end of the amortization period to fully pay off...
bargain
The term “bargain” appears in two specific legal contexts:
The first is contract law, where a bargain is defined as a voluntary agreement between two parties in exchange for consideration. Consideration, here, can be money,...