Homestead Exemption

,
What is a Homestead Exemption? A Homestead is, quite simply, a legal device that protects a person's residence (or a portion of it) from creditors. A judgment creditor cannot levy on the homestead portion of a person's residence. The amount…

Law Dictionary | Legal Glossary

,
This is a legacy page, our glossary of business law terms.  We have expanded our legal dictionary to include thousands of terms, you can reaching by visiting our Legal Dictionary.   Acquisition: The purchase of one corporation by another,…

Asset Protection With a Friendly Lien

,
A friendly lien is simply a lien against property that you own that is held by a party or parties that is friendly to you. Some other terms used to describe this device are "friendly mortgage", and "friendly loan." The classic example of a…

Foreclosure Law | Foreclosure Help | Stop Foreclosure

What Is Foreclosure?  Foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn't pay their mortgage. Foreclosure…

Where Our Laws Come From: English Law

England is a unique place. It's part of Europe, but yet it's isolated from the rest of Europe by water. A Viking could not just walk over a hill and take it over. Conquering England took a bit of work. Furthermore, any exchange of ideas or trade…

Deficiency Judgement, Anti-Deficiency Laws, California and Elsewhere

July, 2007 As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn't pay their mortgage.…

California Foreclosure Law | Foreclosure in California

As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn't pay their mortgage.In California,…

Legal Form | Sample Beta Testing Agreement

,
BETA TESTING AGREEMENT This Beta Testing Agreement (the "Agreement") is made by and between TuTu, Inc. ("TuTu"), and you (the "User"). GENERAL TERMS AND CONDITIONS A. TuTu operates a video sharing website at TuTu.com. TuTu has developed…

1099 After Foreclosure - Cancellation of Debt & Anti-Deficiency

,
Here we take a closer look at the phenomenon of 1099 Cancellation of Debt income following a foreclosure. Why Foreclosed Homeowners Receive 1099s for Cancelled Debt First, the basics: if you owe a debt to someone else, and that debt is forgiven,…

Community Property States

LearnAboutLaw Staff July 2007 Community property is a means of defining the ownership of property acquired during marriage under which all income earned during marriage and all property acquired with that income be considered the property of…

Legal Form | Sample Stock Issuance Resolution

, ,
RESOLUTION OF THE BOARD / STOCK ISSUANCE RESOLUTION Pursuant to the Laws of the State of Nevada, and the Bylaws of CASA MANANA.COM, INC. a Nevada Corporation, (hereinafter, the Corporation), the undersigned Board of Directors of the Corporation,…

Legal Form | Sample Shareholder's Rule 144(k) Representation Letter

,
Shareholder's Rule 144(k) Representation Letter To Whom It May Concern: I am submitting this letter in connection with the removal of a restrictive legend from Shares of stock that I own. "I", the "Shareholder", am the following: The "Issuer"…

Legal Form | Sample Letter For Credit Repair

,
-This letter should be used by an individual when writing to a credit reporting agency (equifax, Transunion, Experian) when seeking to correct false or incorrect information on one's credit report. Remember: The agency must investigate or…

Legal Form | Director's Resignation

,
ACTION OF DIRECTORS BY WRITTEN CONSENT--DIRECTOR'S RESIGNATION The undersigned, who collectively comprise the Board of the Directors (the "Director") of EVOLUTION, INC., a Nevada corporation (the "Corporation"), agree unanimously to the…

Legal Form | Long Form Appointment of Proxy for Annual or Special Shareholder's Meeting

,
APPOINTMENT OF PROXY FOR [ANNUAL/SPECIAL] MEETING SuperCorp, Inc. SHAREHOLDER: John Miller NUMBER OF SHARES HELD: 100,000 I, the undersigned, as record holder of the shares of stock of SuperCorp, Inc. described above, revoke any previous proxies…