by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Addendum? An addendum refers to additional material or documents attached to a contract which provides more details than what is contained in the body of the document. When used in a contract, to be enforceable, all parties to a contract must consent to or...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Bankruptcy Abuse Prevention And Consumer Protection Act (BAPCPA)? Bankruptcy abuse prevention and consumer protection act, also known by the acronym BAPCPA, refers to legislation that made a significant revision to the United States Bankruptcy Code. BAPCPA...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Bankruptcy Financing? Bankruptcy financing refers to special financing from a lender to a company that is in the process of reorganization under Chapter 11 of the US Bankruptcy code. The lender gives out the money to a firm to help it fund its business...
by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is a Bare Trust? A bare trust refers to a basic trust where a beneficiary has all the rights to the trusts assets, capital, and income earned from the assets. Bare trusts are mostly utilized by parents and grandparents when they want to hand over the assets to...
by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is Monopolistic Competition? Monopolistic competition is a market structure where companies offer the same type of product or services. In a monopolistic market, there is a combination of a competitive market and elements of monopoly. We can, therefore, say that...
