Poonawalla fincorps
Poonawalla fincorps

Legal Dictionary- friends add words and their meaning to thi

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Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Incompetence means

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as "incompetency."


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Interference means

In patent law, a procedure to resolve a conflict that occurs when two or more patent applications have been filed on the same invention. When this happens, the U.S. Patent and Trademark Office (PTO) examines a number of factors in order to determine who gets the patent, including who first conceived of the invention and worked on it diligently, who first built and tested the invention and who was first to file a patent application.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Jus cogens means

Principles of international law so fundamental that no nation may ignore them or attempt to contract out of them through treaties. For example, genocide and participating in a slave trade are thought to be jus cogens.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Legislative immunity means

 

A legal doctrine that prevents legislators from being sued for actions performed and decisions made in the course of serving in government. This doctrine does not protect legislators from criminal prosecution, nor does it relieve them from responsibility for actions outside the scope of their office, such as the nefarious activities of former Senator Bob Packwood.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Liability means

 

(1) The state of being liable--that is, legally responsible for an act or omission. Example: Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.



Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Mala fide means

 

In bad faith


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009


 

Notary public means

A licensed public officer who administers oaths, certifies documents and performs other specified functions. A notary public's signature and seal is required to authenticate the signatures on many legal documents.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009



Novation means


The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original parties.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Oath means
 

An attestation that one will tell the truth, or a promise to fulfill a pledge, often calling upon God as a witness. The best known oath is probably the witness’ pledge “to tell the truth, the whole truth, and nothing but the truth” during a legal proceeding. In another context, a public official usually takes an “oath of office” before assuming her position, in which she declares that she will faithfully perform her duties.


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

One-year rule means
 

The rule that requires a patent application to be filed within one year of the following: any public use of the invention by the inventor, a sale of the invention, an offer to sell the invention, or any descripttion of the invention by the inventor in a published document. Failure to file a patent application within this one-year period results in the invention's passing into the public domain, where it is no longer eligible for a patent.



Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Petition means

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.



Petitioner means
 

Someone who initiates an action requesting something; for example, someone who starts a lawsuit or petitions a higher court on appeal. In immigration law, a petitioner is a U.S. resident or business who makes a formal request that a foreign national be allowed to enter the United States. The foreign national is called the "beneficiary.

 


Sumit Jain (CA) (4760 Points)
Replied 26 May 2009

Piercing the veil means

A judicial doctrine that allows a plaintiff to hold otherwise immune corporate officers and directors personally liable for damages caused by a corporation under their control. The veil is pierced when officers have acted intentionally and illegally, or when their actions exceeded the power given them by the company's articles of incorporation.


sumit (Article) (276 Points)
Replied 26 May 2009

thanx for this

 

nice work done by you


ANKUSH DHURIA (ARTICLESHIP TRAINEE) (115 Points)
Replied 26 May 2009

very good work



Sumit Jain (CA) (4760 Points)
Replied 02 July 2009

thanx ankuush for ur comment



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