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when someone needed a rock-solid pledge on transferred property, a "fiducia" was created to bind the contract. "Fiducia," derived from the root word "fidere," is Latin for "trust," so the very nature of a fiduciary conveys a sense of good faith, reliance and confidence. Here's what ...
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Some drivers may get the most lenient punishment if it is their first time being caught, in which case they may get fines or probation. Some may get their car impounded for a limited time, typically up to a month. Others are arrested on the spot, and can expect for their license to ...
Insider Trading: When Is It Legal? The idea of "legal insider trading" is a bit of a misnomer. As Fagel, the former SEC regional director, told us, "There is no such thing as 'legal insider trading.' If one engages in insider trading (i.e., someone with a legal duty trading on ...
While covenants are legal agreements by their nature, covenants are also simply part of the legal system. Law is a form of covenant, as law covenants are often negative covenants that restrict an individual or company from performing certain actions. The law may explain the outcome of what will...
Acquisitions:When one company buys another company, it is anacquisition. If a target firm is big enough, it might not become a mere subsidiary; instead, it and the acquiring company mightmerge, combining their talent, assets, resources, and personnel into one new legal entity. A conglomerate ...