Juridical Dictionary

This dictionary contains:
8526
juridical terms

Voetstoots clause






Voetstoots clause

A clause used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands."

RELATED TERMS
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Clause
Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will.

Seller
Contracts. One who disposes of a thing in consideration of money; a vendor

Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.

Sale
Contracts. An agreement by which one of the contracting parties, called the seller, gives a thing and passes the title to it, in exchange for a certain price in current money, to the other party, who is called the buyer or purchaser, who, on his part, agrees to pay such price.



SIMILAR TERMS
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Voetstoots term
A term used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands."



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Veil of incorporation
The veil of incorporation is a the principle that a company has a legal personality and existence which is separated from its members and officers.

Voetstoots term
A term used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands."

Voetstoots clause

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This dictionary contains 8526 terms.