by Jason M. Gordon | Feb 23, 2025 | Legal Disputes - Civil & Criminal Law
What is a Stipulated Judgment? A stipulated judgment, also known as a consent judgment, refers to a court order to which the parties before the court have expressly agreed. As such, the stipulated judgment is the court’s method of formalizing through judgment...
by Jason M. Gordon | Feb 23, 2025 | Legal Disputes - Civil & Criminal Law
What is a Statute of Limitations?A statute of limitations refers to a law that outlines the time period within which the parties have to start with court proceedings right from the date a crime, or an offense was made. Different courts set different time periods under...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is the Collateral Source Doctrine? The collateral source rule is a clause that appears in insurance coverage or used for insurance-related cases. This rule states that when the court awards damages to a plaintiff, the damages cannot be reduced regardless of...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Cooling-Off Rule? The cooling off rule is applicable to consumer protection, insurance, and finance. Under consumer protection law, the cooling-off rule is a rule that the Federal Trade Commission (FTC) uses to protect consumers when transacting with...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Private Foundation? A private foundation is a non-profit organization that executes charitable projects to serve a good cause. This foundation is a non-governmental organization, otherwise called a charitable organization whose projects and finances are...
