GENERAL Flashcards
Injunction
A form of equitable relief in which a party is ordered to perform or refrain from performing a certain act.
Matter of law
A legal concept where the court applies undisputed facts to established legal principles to reach a legal conclusion.
Corpus
The property or assets held by a trust.
Declaratory judgement
Court-issued relief in the form of a declaration of the parties’ legal rights and/or obligations in a particular situation.
Fiduciary
Person acting for the benefit of another.
Inure
come into operation; take effect.
abeyance
the position of being without, or waiting for, an owner or claimant.
Demurrers
A pleading that seeks dismissal of a claim on the grounds that the claimant is not entitled to legal relief even if all alleged facts are true.
Voidable Title
Title held by a purchaser who has obtained goods fraudulently from an owner who parted with them voluntarily. This type of title is not valid for the defrauder, but it becomes a good title through a sale to a good faith purchaser.
Void
Having no legal effect.
The Bundle of Rights
Dispose Use Possess Exclude Damages
Don’t be D.U.P.E.D.!
Rights are Relative “not” Absolute!
stare decisis
A legal principle under which legal precedents are adhered to and predictability is garnered.
