Examlex
Unsought products are consumer products that the consumer either does not know about or knows about but does not normally consider buying.
Doctrine of Marshaling Assets
A principle in equity that gives a junior creditor the right to request that senior creditors satisfy their claims from assets not pledged by the junior creditor, when possible.
Interest in the Partnership
Refers to a partner’s share or stake in both the assets and profits (or losses) of a partnership, often governed by a partnership agreement.
Share of Profits
A proportion of the profits earned by a business that is allocated to an individual or entity, often based on ownership interest.
Partnership by Estoppel
A legal partnership that exists when a person has been represented as a partner in a firm and has acted upon that basis, despite not officially being a partner.
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