Examlex
A person who alleges that he owns an implied easement from prior use must show that his use of the land is strictly necessary.
Active Duty Personnel
Active duty personnel refers to military members who are currently serving on a full-time basis in their military capacity.
Usury Law
Legal regulations that set maximum interest rates which can be charged on loans, aimed at protecting consumers from exorbitant rates.
Shortage
The amount by which the quantity demanded of a product exceeds the quantity supplied at a particular (below-equilibrium) price.
Marginal Land
Land that is of poor quality for agriculture and unlikely to produce a profitable yield without significant investment in improvements.
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