ACADEMIC TOPICS

Charitable Trust

A charitable trust is a trust made for the benefit of specific charitable purposes. The purpose of the trust must fall into one of the specific purpose categories or is it not valid. Charitable trusts are favored by the law. They do not have to have...

Charitable Trusts Purposes

A charitable trust qualifies for certain favorable treatment under U.S. law. For example, it is not subject to the rule against perpetuities and cannot fail for a lack of definite beneficiaries. To qualify as a charitable trust, the trust must have a...

Charity

A charity is a nonprofit organization whose efforts are focused on aiding those in need. This can take several forms, which can be local or international in scope. Some raise money or provide services like food, clothing, or shelter to...

Chattel Mortgage

An antiquated term for a mortgage on personal goods (as opposed to real estate) where the lender holds an interest in the property as security for the loan. Today these arrangements are referred to as "security agreements".

Chattel Paper

In secured transactions, a document used to sell property on credit while retaining some interest in the property. Chattel paper must show: (1) a monetary obligation from Party A to Party B, and (2) a security interest or other interest retained in...

Check

Definition from Nolo’s Plain-English Law DictionaryA draft upon a particular account in a bank, in which the drawer or maker (the person who has the account and signs the check) directs the bank to pay a certain amount to the payee. (See also: negotiable...

Check-flashing

Definition

See kiting.

Check-kiting

Definition

See kiting.

Chinese Exclusion Act

The Chinese Exclusion Act, signed into law on May 6, 1882, by President Chester A. Arthur, effectively terminated Chinese immigration for ten years and prohibited Chinese from becoming US citizens. All Chinese persons- except travelers, merchants,...

Church and State

Definition from Nolo’s Plain-English Law Dictionary

See: separation of church and state

Definition provided by Nolo’s Plain-English Law Dictionary.

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