The term 'Alter Ego' refers to a legal doctrine that allows courts to disregard the distinct legal identity of a corporation and hold its shareholders or directors personally liable for corporate actions.
Apparent authority is a legal doctrine where a principal is held responsible for the actions of an agent when the principal's words or actions reasonably lead a third party to believe that the agent has the authority to act on behalf of the principal.
Caveat Emptor, a Latin term meaning 'Let the Buyer Beware,' is a doctrine of law indicating that the buyer assumes the risk in a transaction. Although traditionally buyers were solely responsible for due diligence, modern legal frameworks have incorporated requirements for sellers to disclose known defects.
A constitutional guarantee embodied in the Fourteenth Amendment to the U.S. Constitution ensuring that no state shall deny any person within its jurisdiction the equal protection of the laws.
A legal doctrine meaning 'equally at fault', where neither party in an illegal contract or transaction is able to obtain legal relief if both parties are equally culpable. Exceptions exist if the parties are not equally at fault.
Laches is a legal doctrine that provides a defense to parties when long-neglected rights are sought to be enforced against them. It signifies an undue lapse of time in enforcing a right of action, and negligence in failing to act more promptly.
The principle that obligates an injured party to take reasonable actions to reduce the damages caused by another party's breach or tortious conduct.
Nonacquiescence refers to a situation where a court or administrative agency formally announces that it will not follow a precedent set by another court decision.
Res Judicata is a legal doctrine which prevents parties from relitigating the same issue that has already been resolved by a competent court through a final judgment.
The Rule Against Perpetuities is a legal doctrine that ensures no contingent interest in property is valid unless it vests not later than 21 years after the death of a specified person living when the interest was created. This rule prevents property from being indefinitely tied up within a family and limits control over future ownership.
