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Legal Terms- Fiduciary
[from Latin: fiducia; trust] 1. A trustee is obligated to act entirely for the advantage of the person they hold a position of trust or confidence over. Millett LJ in Bristol & West Building Society v Mothew [1996] provided a thorough discussion of fiduciary responsibility. EWCA Civ 533 & Armitage v Nurse (1997) EWCA Civ. 1279. 2. adj. In the position of trust or confidence. Fiduciary connections exist between trustees and beneficiaries, corporate promoters, directors and shareholders, solicitors and clients, and guardians and wards.
[from Latin: fiducia; trust] 1. A trustee is obligated to act entirely for the advantage of the person they hold a position of trust or confidence over. Millett LJ in Bristol & West Building Society v Mothew [1996] provided a thorough discussion of fiduciary responsibility. EWCA Civ 533 & Armitage v Nurse (1997) EWCA Civ. 1279. 2. adj. In the position of trust or confidence. Fiduciary connections exist between trustees and beneficiaries, corporate promoters, directors and shareholders, solicitors and clients, and guardians and wards.
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Legal Terms - fieri facias (fi. fa.)
[Latin: you are to cause to be done] A High Court writ of execution to compel the payment of a debt following a judgment against the debtor. The writ may also be utilized to enforce a judgment for the payment of damages. The writ is directed to the High Court Enforcement Officer, mandating the seizure of the debtor's property to satisfy the debt, interest, and costs. In the county courts, execution is enforced by bailiffs according to a warrant of execution.
[Latin: you are to cause to be done] A High Court writ of execution to compel the payment of a debt following a judgment against the debtor. The writ may also be utilized to enforce a judgment for the payment of damages. The writ is directed to the High Court Enforcement Officer, mandating the seizure of the debtor's property to satisfy the debt, interest, and costs. In the county courts, execution is enforced by bailiffs according to a warrant of execution.
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Legal Terms – Filing
The process of submitting a deed, mortgage, or other legal document to the designated authority authorized by law to accept and maintain it for a specific purpose, such as a court clerk.
The process of submitting a deed, mortgage, or other legal document to the designated authority authorized by law to accept and maintain it for a specific purpose, such as a court clerk.
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Legal Terms – Final Act
A document that provides a formal summary of the proceedings of an international conference. The signature affixed to the final act is not considered obligatory on the signing state for the treaties it references. For the document to be binding, a distinct signature is necessary, followed by ratification. Under exceptional conditions, the concluding act may serve as a *treaty.
A document that provides a formal summary of the proceedings of an international conference. The signature affixed to the final act is not considered obligatory on the signing state for the treaties it references. For the document to be binding, a distinct signature is necessary, followed by ratification. Under exceptional conditions, the concluding act may serve as a *treaty.
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Legal Terms – Final Judgement
The judgment in civil proceedings that concludes the action, often the court's ruling at trial. An appeal against a final verdict may be filed without the court's permission.
The judgment in civil proceedings that concludes the action, often the court's ruling at trial. An appeal against a final verdict may be filed without the court's permission.
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Legal Terms - Farm Business Tenancy
A tenancy established under the Agricultural Tenancies Act 1995. A farm business tenancy is defined as a land tenancy granted on or after September 1, 1995 for agricultural usage. The system does not guarantee tenure security. Either party can terminate the tenancy by providing at least one year's notice. The tenancy may enable development into enterprises beyond agriculture. Tenants can receive compensation for changes made with the landlord's consent at the end of their tenancy.
A tenancy established under the Agricultural Tenancies Act 1995. A farm business tenancy is defined as a land tenancy granted on or after September 1, 1995 for agricultural usage. The system does not guarantee tenure security. Either party can terminate the tenancy by providing at least one year's notice. The tenancy may enable development into enterprises beyond agriculture. Tenants can receive compensation for changes made with the landlord's consent at the end of their tenancy.
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Legal Terms -Farming
According to Section 876 of the Income Tax (Trading and Other Income) Act 2005, farming is defined as "the occupation of land wholly or mainly for the purpose of husbandry." Market gardening is specifically excluded from the definition of husbandry. In 1925, the Court of Session defined "husbandry" as a commerce based on the use of "fruits of the land occupied" (Lean and Dickson v Ball, 10 TC 341, 345). In that scenario, intensive poultry rearing was considered husbandry. Farmers are subject to special tax provisions. Income taxes can be calculated by averaging profits. Farm land and farming machinery typically qualify for 100% inheritance tax deduction.
According to Section 876 of the Income Tax (Trading and Other Income) Act 2005, farming is defined as "the occupation of land wholly or mainly for the purpose of husbandry." Market gardening is specifically excluded from the definition of husbandry. In 1925, the Court of Session defined "husbandry" as a commerce based on the use of "fruits of the land occupied" (Lean and Dickson v Ball, 10 TC 341, 345). In that scenario, intensive poultry rearing was considered husbandry. Farmers are subject to special tax provisions. Income taxes can be calculated by averaging profits. Farm land and farming machinery typically qualify for 100% inheritance tax deduction.
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Legal Terms - Fast track
Civil cases with a claim over £10,000 but not exceeding £25,000 are assigned to this track (see to allocation). The fast track approach ensures that legal fees are commensurate to the amount claimed. The court uses conventional directions, a 30-week timeframe, a one-day trial with no oral expert evidence, and fixed costs based on advocate level.
Civil cases with a claim over £10,000 but not exceeding £25,000 are assigned to this track (see to allocation). The fast track approach ensures that legal fees are commensurate to the amount claimed. The court uses conventional directions, a 30-week timeframe, a one-day trial with no oral expert evidence, and fixed costs based on advocate level.
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Legal Terms – false pretence
The act of deceiving an individual through a fraudulent representation, whether through words or actions. The previous offense of acquiring property through false pretenses is now included in the broader category of*fraud.
The act of deceiving an individual through a fraudulent representation, whether through words or actions. The previous offense of acquiring property through false pretenses is now included in the broader category of*fraud.
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Legal Terms - false trade description
A false description of products produced in the course of a business (see trade description). The Trade Descriptions Acts 1968 and 1972 governed offenses committed prior to 26 May 2006. It was an offense to apply a false trade description to products either directly, by implication, or indirectly (e.g., by tampering with a car's mileometer or painting over rust on the bodywork). It was also illegal to supply or offer to supply products with a false trade description. These offenses were triable either summarily or on indictment, with a maximum prison sentence of two years. The Consumer Protection from Unfair Trading Regulations 2008, which are supplemented by the Business Protection from Misleading Marketing Regulations 2008, repealed this legislation.
A false description of products produced in the course of a business (see trade description). The Trade Descriptions Acts 1968 and 1972 governed offenses committed prior to 26 May 2006. It was an offense to apply a false trade description to products either directly, by implication, or indirectly (e.g., by tampering with a car's mileometer or painting over rust on the bodywork). It was also illegal to supply or offer to supply products with a false trade description. These offenses were triable either summarily or on indictment, with a maximum prison sentence of two years. The Consumer Protection from Unfair Trading Regulations 2008, which are supplemented by the Business Protection from Misleading Marketing Regulations 2008, repealed this legislation.
