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