Examlex
Very few experienced employees have skills and knowledge that are considered to be at a higher level than what they use at their jobs.
Nonnegotiable Document
A legal document that cannot be transferred or assigned to another party through endorsement or delivery.
Good-faith Purchaser
An individual who buys property without knowledge of any existing claims or faults of the property, thereby gaining full legal rights.
Fair Market Value
The price at which an asset would trade in a competitive auction setting, reflecting its true economic worth.
Voidable
A legal status referring to a transaction or contract that may be rescinded or nullified at the discretion of one party due to certain defects or circumstances.
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