Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace. It outlaws any contract, conspiracy, or combination of business interests in restraint of...
commercial transactions
Sherman v. Sherman, 330 N.J. Super. 638 (Ch.Div. 1999)
Sherman v. Sherman, 330 N.J. Super. 638 (Ch.Div. 1999), is a case regarding who controls the disposition of a corpse, with the court applying state legislation instead of common law principles on disposition.
Background...
shipment contract
Under Article 2 of the Uniform Commercial Code a shipment contract is one way in which buyer and seller could contract to allocate risk of loss between buyer and seller when goods are lost or damaged before the buyer obtains them from the...
silent partner
A silent partner is also known as a dormant partner; an investor who becomes a member of a partnership by virtue of capital contribution, but plays an inactive role in the daily operation and management of the business. A silent partner is...
smaller reporting company
Smaller reporting company is a class of reporting company which has relaxed Regulation S-K and Regulation S-X disclosure requirements.
Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements for a...
smart grid
A smart grid refers to a range of energy policies designed to reduce peak energy load.
See: smartgrid.gov
[Last updated in June of 2024 by the Wex Definitions Team]
Southern Life & Health Ins. Co. v. Morgan
Southern Life & Health Ins. Co. v. Morgan, 21 Ala. App. 5 (Ala. Ct. App. 1925), is an Alabama Court of Appeals case that established that spouses can lose their rights in the honoring of the deceased if they do not act within a reasonable...
Specially Designated Nationals and Blocked Persons List
The Specially Designated Nationals and Blocked Persons List (SDN List) is a compilation maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). It includes individuals, entities, and organizations with...
specific performance
Specific performance is a contractual remedy in which a court orders a party to fulfill their obligations as closely as possible to what was promised in the contract, rather than simply paying damages for failing to do so. This remedy is...
sponsor
A sponsor refers to a person who takes the responsibility for another person or thing. The common uses of the term “sponsor” in a legal sense include:
In the context of legislation, a sponsor refers to a person who introduces or...