Examlex
For the purpose of suing a corporation in federal court, the corporation is a citizen in the state where it has its principal place of business.
Consumer Lease
An agreement in which a consumer agrees to rent a good, service, or property for personal, family, or household use for a specified period.
Unconscionability
A term referring to an agreement that is so one-sided or unfair that it shocks the conscience and is therefore unenforceable under the law.
Finance Lease
A type of lease arrangement where the lessee is considered the de facto owner of the leased asset, being responsible for maintenance and other associated costs, and typically involves commercial equipment or vehicles.
Three Parties
A term generally used in contracts or legal situations where three distinct entities are involved.
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