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The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory framework under which courts can more clearly identify the rights and remedies of the parties involved in foreclosure proceedings throughout New Jersey. [1] The FFA was approved by the ...
The sale of an entire inventory is not a bulk sale if it is sold to buyers in a manner that ensures adequate consideration. For example, if a merchant holds an auction sale for the entire contents of the business and the sale is in good faith, the buyer is not required to comply with bulk sales legislation. However, the buyer of a business with ...
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Bulk-sale restrictions — also known as bulk-sale restraints, finished-form limitations and dosage-form limitations — are, as the term is used in United States antitrust case law, clauses in patent licenses that provide that the licensee shall make and sell the licensed product only in "finished pharmaceutical form" or "dosage form" (such as tablets, capsules and vials—the form in which ...
New Jersey is a state located in both the Mid-Atlantic and Northeastern regions of the United States, at the geographic hub of the heavily urbanized Northeast megalopolis.New Jersey is bordered to the northwest, north, and northeast by New York State; on its east, southeast, and south by the Atlantic Ocean; on its west by the Delaware River and Pennsylvania; and on its southwest by the ...
Bulk purchasing also enables greater resilience, such that bulk buyers are able to build stockpiles of necessities. During the COVID-19 pandemic, bulk purchasing also contributed to better health outcomes by decreasing the overall number of trips to the grocery store, thus lessening opportunities for exposure to SARS-CoV-2. Since lower-income ...
The Optional Municipal Charter Law or Faulkner Act (N.J.S.A 40:69A-1 [1], et seq.) provides New Jersey municipalities with a variety of models of local government. This legislation is called the Faulkner Act in honor of the late Bayard H. Faulkner, former mayor of Montclair, New Jersey, U.S., and former chairman of the Commission on Municipal Government.
Morris County is a county located in the U.S. state of New Jersey, about 30 mi (48 km) west of New York City.According to the 2020 census, the county was the state's tenth-most populous county, [3] with a population of 509,285, [4] [5] its highest decennial count ever and an increase of 17,009 (+3.5%) from the 2010 census count of 492,276, [6] which in turn reflected an increase of 22,064 (+11 ...
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