Examlex
Many people in the new business development group at GRS&M feel that Blaine was promoted due to her personal friendship with the supervisor rather than a fair review of the qualified employees in the group. This attitude is the result of the employees' perceived procedural justice relative to the decision.
Bankruptcy
A lawful method that enables individuals or enterprises in financial distress to pursue exemption from part or all of their financial liabilities.
Shelter Principle
A legal concept in property law that allows a person who purchases goods from a non-owner to acquire valid title under certain conditions, provided the seller had derivative authority to sell.
Holder-In-Due-Course Doctrine
A principle in commercial law that protects a purchaser of a negotiable instrument who takes it for value, in good faith, and without notice of any defect.
Financial Transactions
The exchange of assets between parties, often involving money, securities, or other forms of financial instruments.
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