Examlex
The newest version of a product like Bose headphones is likely to use _____, while the new version of Red Bull is likely to use _____ .
Trust
A fiduciary arrangement wherein one party, known as the trustee, holds assets for the benefit of another party, known as the beneficiary.
Intestate Succession
The legal process by which property is distributed to heirs according to state laws when someone dies without a valid will.
Domiciled
The legal term for the country or place where a person has their permanent home or principal establishment and to which they intend to return.
English Feudal System
A hierarchical system of land ownership and duties in medieval England, centered around the king granting land to lords in exchange for military service.
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