Examlex
Explain how the asset-price channel of monetary policy works in real estate markets.
Fraud Or Duress
refers to unlawful pressure or deceit used to coerce someone into a contractual agreement, compromising the agreement's validity.
Bequest
A transfer of personal property through a will.
Legacy
A bequest; a testamentary gift of personal property. Sometimes incorrectly applied to a testamentary gift of real property.
Testamentary Capacity
The legal competence of an individual to make a will, including the understanding of the nature of the document, the assets to be disposed of, and the identity of the beneficiaries.
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