Estoppel

Estoppel is the process whereby one party relies on another party’s claim in making decisions. Estoppel can be best understood

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Discount Rate

One of the Federal Reserve’s main responsibilities is to establish the discount rate for member banks to pay for borrowing

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Novation

Novation refers to the replacement of an original contract with a new contract, or the modification/substitution of a particular provision

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Eviction

Eviction occurs when a landlord expels a tenant from a property. The following are valid reasons for a landlord to

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Exemplary Damage

Exemplary damages, more commonly known as punitive damages, are financial compensations that surpass the cost of losses directly sustained by

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Minor

Any party below the age of 18 is a minor. A minor is considered incapable of buying or selling a

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Erosion

Erosion is the naturally occurring earth process where the atmosphere removes and alters water, rock, dirt, and debris. This material

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