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A put is purchased for a fee paid to the person who agrees to accept the stock or goods if they are offered. The purchaser of this right to sell expects the price of the stock or commodity to decrease so that he can deliver the stock or commodity at a profit. If the price rises, the option need not be exercised. The reverse transaction is a call.
Glossary of Legal Terms. A. Action. A judicial proceeding where one party takes another party to court for the redress of a wrong. An action is commenced by the filing of a plaintiffs claim that details a cause of action. Adjournment. The rescheduling of a hearing to another time and/or place.
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When federal and state employment laws compete, state employment laws almost always have supremacy. State laws normally extend federal employee protections and rights on issues such as drug testing, workers’ compensation and hiring practices. At the very least, make sure you know your state’s employment laws. Thom Pryor, founder of Lawsuit Legal, t...
One major area of business law relates to protecting consumers from false or deceptive advertising. These laws have been updated as the internet continues to transform how companies find new customers. Here are some key legal terms for sales and marketing: 1. Advertising unavailable stock: If you constantly advertise unavailable stock just to get p...
Intellectual property (IP) is an idea, process, design, invention, service, product or other work that you’ve developed over time and that belongs to your company. U.S. law protects IP owners so they have an opportunity to profit from the hard work involved in its creation. IP falls into the following four categories, and business owners should kno...
Contracts often govern your relationship with clients and suppliers and how you interact with each other. However, disagreements arise when the wording is ambiguous or one party attempts to exit an agreement unilaterally. This happens more than you might think, according to M. Denzell Moton, founding partner of Moton Legal Group. “A breach of contr...
There are tens of thousands of laws covering business behavior. You should be aware of the following laws and their associated terminology: 1. Antitrust laws: Antitrust laws prevent businesses from working together to fix prices or control distribution. So, if a competitor contacts you and suggests that both of you sell a particular product for the...
Sep 14, 2023 · An amendment is a formal change or correction made to an existing contract. Unlike an addendum, which adds to the contract, an amendment alters specific terms, clauses, or provisions already in place. To be legally binding, the amendment must be agreed upon and signed by all parties involved in the original contract.
Put off definition. Put off. definition. Open Split View. Cite. Put off means to delay something. From the context, it is clear that we need to do something right now and it can’t be delayed. Hence, option A is the right answer. Sample 1.
Jul 6, 2022 · Law of set-off. Set-off is a common law right allowing parties (each of which being both a creditor and a debtor) that have debts owing to each other to set them off. Where the right of set-off is applicable, the parties can net their payment obligations, and, as a result, will be liable to pay the remaining balance only.
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Aug 6, 2019 · Where the right of set off arises, it can act as a defence to part or the whole of a claim. Example: when the right of set off arises, if B owes A £800,000, but A in fact owes B £200,000, B can set off that £200,000 when A claims its £800,000, and pay to A only the balance of £600,000. The maths is simple, but the more difficult area is ...
