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  2. Consideration - Wikipedia

    en.wikipedia.org/wiki/Consideration

    A party that already has a legal duty to provide money, an object, a service, or a forbearance, does not provide consideration when promising merely to uphold that duty. [7] [34] [35] [36] That legal duty can arise from law, or obligation under a previous contract.

  3. Law of obligations - Wikipedia

    en.wikipedia.org/wiki/Law_of_obligations

    The law of obligations is one branch of private law under the civil law legal system and so-called "mixed" legal systems. It is the body of rules that organizes and regulates the rights and duties arising between individuals.

  4. Duty - Wikipedia

    en.wikipedia.org/wiki/Duty

    Civic duties could include: Obey the law; Pay taxes; Provide for a common defense, should the need arise; Enroll to vote, and vote at all elections and referendums (unless there is a reasonable excuse such as a religious objection, being overseas, or illness on polling day) Serve on a jury, if called upon

  5. Conflict of interest - Wikipedia

    en.wikipedia.org/wiki/Conflict_of_interest

    Legal conflicts rules are at their core corollaries to a lawyer's two basic fiduciary duties: (1) the duty of loyalty and (2) the duty to preserve client confidences. [5] The lawyer's duty of loyalty is fundamental to the attorney-client relationship and has developed from the biblical maxim that no person can serve more than one master. [ 6 ]

  6. Glossary of law - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_law

    By a stronger reason. A term used in logic to denote an argument to the effect that because one ascertained fact exists, therefore another, which is included in it, and which is less improbable, unusual, or surprising, must also exist. [1] A mensa et thoro. From bed and board. Descriptive of a limited divorce or separation by judicial sentence. [1]

  7. Legal liability - Wikipedia

    en.wikipedia.org/wiki/Legal_liability

    Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.

  8. Fiduciary - Wikipedia

    en.wikipedia.org/wiki/Fiduciary

    Fiduciary Duties. [TPC §489B(a)] An attorney in fact or agent is a fiduciary and has a duty to inform and to account for actions taken under the power of attorney. Sec. 751.102. Duty to Timely Inform Principal. [TPC §489B(b)] (a) The attorney in fact or agent shall timely inform the principal of each action taken under the power of attorney.

  9. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    Many legal liens arise as a matter of law (by common law or by statute). It is possible, however, to create a legal lien by contract. The courts have confirmed that it is also possible to give the secured party a power of sale in such a contract, but case law on such a power is limited and it is difficult to know what limitations and duties ...