Published on January 11
A fraudulent conveyance, also called a fraudulent transfer, is a transaction where one party (“Transferor”) gives or sells for less than full value an asset to another party (“Transferee”), leaving the Transferor without sufficient assets to pay his obligations. An example of a fraudulent transfer is an individual gift all his assets to a close friend in order not to pay his debts. Although historically a fraudulent transfer required a transfer to be made in bad faith, under modern law a good-faith transfer can still constitute a fraudulent conveyance. Simply put, a transaction …
Added in Business Disputes, Helpful Business Info, Real Estate
Published on January 7
Any business that owns real estate of any kind can be faced with the issue of whether or not the business is liable for injuries a person receives while on the business’ property. Although most business owners think of premises liability primarily in the context of a “slip and fall” injury to a potential customer, premises liability is much broader. Understanding what injuries a business will be held liable for is a crucial step in not only determining how much to spend protecting against possible injuries, but in determining the appropriate amount of liability insurance.
What Injuries Can a Business Be …
Added in Business Insurance, Helpful Business Info, Real Estate
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