Uttering and Publishing is a very serious felony and if convicted you could be facing a lengthy jail or prison sentence. For a first offense the maximum amount of time in prison that one could receive is14 years. Also, if convicted you will have a felony on your record which involves dish...
In real estate, a settlement fee is a charge that covers expenses in excess of the amount a person pays to purchase or sell a property. Settlement fees can encompass many types of expenses, but often include such things as application and attorney’s fees, loan origination fees, and fees ...
Settlement statements and statements of adjustment are straightforward if both parties have made all payments on time. However, issues can arise if, for example, the seller misses a final strata payment or two. This is why it’s so important to keep your solicitor or settlement agent thoroughly...
A final settlement is an agreement that closes a case and ensures that it cannot be brought up again. In most cases, a final...
Settlement litigation can be a good option for the defendant if he believes he is likely to lose the case, as he may then have a greater degree of control over how much money is given to the plaintiff. Settlement litigation can also be a good option for a plaintiff, as the plaintiff re...
In legal contexts, recidivism refers to a person’s relapse into criminal behavior, often after having been previously convicted and penalized for similar or other crimes. When someone re-offends, they are described as a “recidivist.” Recidivism is a critical metric for evaluating the effectivene...
What is Acceptance? Acceptance is an act or implication that provides an acceptance of an offer which then forms a binding contract. In legal terms, when someone accepts an offering they are agreeing to comply with the terms made in the offer. Acceptance can be used in a number of situation...
Cash settlements occur as part of payments relating to futures contracts and also as part of the settlement process in a legal dispute. In general, a cash settlement is simply the process of using cash to settle some sort of outstanding obligation, thus fulfilling the terms of the transaction ...
Joint and several liability is also cited in legal language. For example, employers are generally responsible for injuries suffered by their employees on the job. If a construction worker ruptures a pipe in a house, the homeowner and employer might be held jointly and severally liable for the ...
During thesettlement of a tradein which actual securities and money are exchanged, settlement agents are responsible for settling the accounts of traders and making the process more efficient. This process can occur several days after the original transaction. In the financial markets,clearingis the ...