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Legal terms starting with G

11 terms

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  • Generation-Skipping Transfer Tax
    A federal tax on gifts or inheritances that skip a generation, preventing tax avoidance.
  • Gift Tax
    A federal tax on money or property given to another person during your lifetime.
  • Good Faith
    An obligation to act honestly and fairly in performing or enforcing a contract.
  • Good Faith and Fair Dealing
    A legal duty to act honestly and fairly when making and performing contracts.
  • Goods
    Tangible, movable items that can be bought, sold, or leased under the UCC.
  • Governing Law
    The state or jurisdiction whose laws will interpret and enforce a contract.
  • Grand Jury
    A group of citizens who review evidence to decide if there's probable cause to charge someone with a crime.
  • Grantor
    The person who creates a trust and transfers property into it.
  • Gratuitous Promise
    A promise to give something or do something without receiving anything of value in return.
  • Guardianship
    A court-ordered arrangement where one person has legal authority to care for another who cannot care for themselves.
  • guilty plea
    A defendant's admission in court that they committed the crime(s) charged, typically resulting in conviction without trial.
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