For example: Ultra vires (beyond powers) is applied especially to acts of directors exceeding the scope of powers granted by...

Quid pro quo literally means “something for something” and is an equal exchange or substitution that a person or firm...

Scienter denotes the mental state which is an element of fraud, or the knowledge of the nature of one’s fraudulent...

Prima facie means before closer inspection, at first sight, or on the face of it. True, valid, authentic, or adequate...

A quorum signifies the minimum number of members of any body required to be present in order to transact business,...

To veto means to forbid, prohibit or stop a vote from passing with authority. “Since the decision must be unanimous,...

A lacuna is an empty space in the law with no regulations applicable or an absent part in a law...

Res judicata denotes an important legal doctrine that generally means that once a matter is judicially decided, it is finally...

Arguendo is a Latin term meaning “for the sake of argument” that is commonly used in appeals briefs and other...

Caveat emptor is a Latin phrase meaning “let the buyer beware.” The phrase stands for the commercial principle that the...