Examlex
What conditions must be satisfied by the seller of unpaid goods in order to repossess them from a bankrupt business?
Securities Act of 1933
A U.S. federal law that governs the sale of securities, requiring them to be registered and to disclose relevant financial information to protect investors.
Civil Liability
The responsibility to compensate for wrongs or damages caused by one’s actions or negligence to another party, as governed by civil law.
Implied Agreement
An unwritten contract that is assumed to exist based on the actions and circumstances of the parties involved.
Competent and Professional
Having the necessary ability, knowledge, and skill to perform tasks or duties effectively and with a degree of quality expected by one's profession.
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