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...
What Is an Invoice Used For? An invoice creates a sales agreement between a business and a client. For small businesses, invoices are used to get paid on time for the services they provide by giving clients a document that outlines the amount owed, the payment terms, the invoice due date...
knowing your legal responsibilities can help you avoid problems on the road. In divorce law, the debtor is the parent who is required to pay maintenance or maintenance to the other parent. The creditor is the parent who receives payment from the other parent. A debtor is sometimes called a ...
The silver lining is that you may be able to receive compensation. In the case of high-profile defects or recalls, companies will sometimes set aside large amounts of money to compensate victims. If that is not the case, you still may be able to receive money by filing a legal claim. ...
If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
Form 8379 is not for use by innocent spouses, who should file Form 8857 instead. When tax refunds might be seized In general, federal tax refunds can be intercepted only to pay debts to the government or to satisfy court-ordered support obligations for: past-due federal taxes past-due ...
Drawee is a legal and banking term used to describe the party that has been directed by a depositor to pay a certain sum of money to the person presenting a check or draft written by the depositor. A typical example of a drawee involves cashing a paycheck. The bank that cashes your chec...
In such cases, the person who is forced to repay the loan will have some legal recourse against the other person named in the agreement, but only after the bank is repaid in full. Joint and several liability is also cited in legal language. For example, employers are generally responsible ...
A trust is a fiduciary relationship in which the trustor gives the trustee the right to hold title to property or assets for the beneficiary.