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15 Cards in this Set
- Front
- Back
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share |
A unit of stock; a measure of ownership interest in acorporation. |
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shareholder |
One who purchases corporate stock, or shares, and who thusbecomes an owner of the corporation. |
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shrink-wrapagreement |
An agreement whose terms are expressed in a documentlocated inside the box in which the goods (usually software)are packaged. |
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slander |
Defamation in oral form. |
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slip law |
The first official publication of a statute, which comes outshortly after the legislation is passed (presented as a singlesheet or pamphlet). |
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slip opinion |
A judicial opinion published shortly after the decision is madeand not yet included in a case reporter or advance sheets. |
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sociological school |
A school of legal thought that views the law as a tool forpromoting justice in society. |
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sole proprietorship |
The simplest form of business organization, in which the owneris the business. Anyone who does business without creating aformal business entity has a sole proprietorship. |
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specific performance |
An equitable remedy requiring exactly the performance thatwas specified in a contract; usually granted only when moneydamages would be an inadequate remedy and the subjectmatter of the contract is unique (for example, real property). |
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staff attorney |
An attorney hired by a law firm as an employee. A staffattorney has no ownership rights in the firm and will not beinvited to become a partner in the firm. |
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stakeholder |
One who has a share or an interest, as in an enterprise. |
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standing to sue |
A sufficient stake in a controversy to justify bringing a lawsuit.To have standing to sue, the plaintiff must demonstrate that heor she has been either injured or threatened with injury. |
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stare decisis |
The doctrine of precedent, under which a court is obligated tofollow the earlier decisions of that court or a higher court withinthe jurisdiction if the same points arise again in litigation. Thisis a defining characteristic of the common law system. |
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state bar association |
An association of attorneys within a state. In most states, anattorney must be a member of the state bar association topractice law in the state. |
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status letter |
Correspondence sent to client which provides an update oncase status. |
