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Kutner drew from existing estate law, by which an individual can control property affairs after death (i.e., when no longer available to speak for himself or herself) and devised a way for an individual to express their health care desires when no longer able to express current healthcare wishes.
Fungibility is different from liquidity.A good is said to be liquid if it can be easily exchanged for money or another good. A good is fungible if one unit of the good is substantially equivalent to another unit of the same good of the same quality at the same time, place, etc.
This issue is known as obsolescence, the status given to a part when it is no longer available from its original manufacturer. The problem of obsolescence is most prevalent for electronics technology, wherein the procurement lifetimes for microelectronic parts are often significantly shorter than the manufacturing and support life cycles for ...
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Government- or railroad-owned property is generally immune from prescriptive easement in most cases, but some other types of government owned-property may be subject to prescription in certain instances. In New York, such government property is subject to a longer statute of limitations of action, 20 years instead of 10 years for private property.
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When titling property or otherwise referring to an existing trust, practitioners persist in referring to trusts as "Tr. u/a" (trusts under agreement, i.e., inter vivos trusts) or "Tr. u/w" (trusts under will, i.e., testamentary trusts). Industry convention is for the settlor's name to appear in the title.
Let’s say you have $10,000 in a one-year CD earning 4% interest. ... “You might get stuck with a term that no longer fits your goals or an interest rate that’s far lower than what other ...