A cartel is a group of independent corporations or other entities that join together to fix prices, rig bids, allocate markets, or conduct other similar illegal activities. Cartel conduct is mainly subject to criminal penalties under United States...
commercial transactions
caveat emptor
Caveat emptor is a common law doctrine that places the burden on buyers to reasonably examine property before making a purchase. A buyer who fails to meet this burden is unable to recover for defects in the product that would have been...
ceiling
The upper or top interior surface of a room or region is referred to as the ceiling. The term "ceiling" in law refers to the statutory upper limit on the amount of money that may be charged or spent, as well as the number of commodities that...
certificate of title
A certificate of title is an official document issued by the state, usually a registrar or other public officer, that notes the owner(s) of personal or real property. It serves the purpose of proving the right of ownership, and it typically...
certification mark
A certification mark is used in commerce by a person other than its owner to identify goods or services as being of a particular type. When a certification mark is used on a product, it is to indicate the existence of an accepted product...
channels
In the context of transportation; channels are the highways, waterways, and air traffic of the country.
See also: Instrumentalities
[Last updated in July of 2022 by the Wex Definitions Team]
Chapter 12 bankruptcy
In 1986, Congress enacted chapter 12 of the Bankruptcy Code to allow farmer debtors with regular annual income to achieve debt relief. Accordingly, chapter 12 bankruptcy provides relief to debtors who qualify as family farmers and family...
charter
First, a charter can be defined broadly as the highest law of an entity. More specifically:
In corporate law, the articles of incorporation. In public law, the instrument by which a municipality is incorporated (e.g., city charter...chattel paper
Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show:
A monetary obligation from Party A to Party B, and A security...check-kiting
Kiting or check-kiting is defined as the practice of covering a bad check from one bank account to another. Persons with multiple bank accounts use this advantage because it takes multiple days to process checks. The check that has been...