The Essence of California’s Economic Loss Rule The general concept of the economic loss rule is that there is no tort liability if the only injury is to the subject of a contract and is purely economic. The rule has been described as "a judicially created doctrine of common law applications."The rule applies where a plaintiff seeking economic loss in
What Constitutes a Foreign Exchange Agreement? A foreign exchange agreement is a contract between two parties to exchange specified currencies at a future date. The purpose of this type of contract is almost always to hedge against fluctuations in the value of one or both currencies over time, particularly where there is a significant gap between the time something is
What Is A Lease Agreement? A lease agreement is what is commonly referred to as a rental agreement. In general terms, it is the contract between a landlord and the individual who is renting a space (known as the tenant) with regard to the apartment or home that is not owned by the tenant or customer. A lease agreement is
An Allocution Statement Defined What is an allocution statement? An allocution statement is a statement made by a defendant that explains to the judge why the judge should not impose the maximum sentence allowable by law. Generally, this means the maximum "statutory" sentence. Some clients – especially clients at their sentencing – want to explain to the judge how they
What Exactly is Carfax Law Enforcement Access? Carfax Law Enforcement Login is a platform designed specifically for law enforcement agencies to streamline the reporting and documentation process pertinent to a vehicle accident. This secure web-based portal allows police officers and investigators to create, view, and share accident reports efficiently. It is pivotal in ensuring that essential information related to a
What is a Breach of Contract? A breach of contract is the failure of a party to honor a legally permitted part of a written or spoken contract. When one of the parties does not fulfill his or her side of the contract, the contractual obligations are said to have been breached. A breach of contract can occur in any
What constitutes a separation agreement in the state of Indiana? A separation agreement in Indiana is a written stipulation signed by both parties to a marriage with the intent to settle the rights of the parties while they remain married. Such agreements are governed by Indiana Code Section 31-15-2-17 which provides that "[a] court may approve at any time a
An Introduction to the Legal Analyst Position The overview of a legal analyst role starts with the analysis or interpretation of documents. This could include the analysis of contracts, regulatory guidance or statute. Other key functions for a legal analyst would be to research any relevant statues or law pertaining to a particular case or matter. This can be through
Necessary Licensing in New York Sate Essential Licensing Requirements for Operating a Motorcycle in NYCJust as driving a car in New York City requires a license, so does operating a motorcycle. The NYC Department of Motor Vehicles (DMV) stresses that the types of licenses and limitations applicable to both are identical, but that the penalties are more severe for motorcyclists.
What Is a Legal Disclaimer? Legal disclaimers are statements that an organization or individual posts to inform and protect themselves from potential legal liability. Legal disclaimers serve as a protective tool, warning readers or viewers that the information they are about to interact with could be considered legal advice, so use it at their own risk. If a disclaimer is