| Bad Faith |
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Lack of honesty and trust. Bad faith can by
asserted as a cause of action for breach of contract claims. |
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| Bad Title |
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Legal document that is insufficient to
transfer ownership. |
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| Bail Bond |
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Obligation, signed by the accused, giving
bail to be released from custody and insuring their appearance in
court. |
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| Bailiff |
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An officer of the court whose duties are to
keep order in the court; could be a sheriff, deputy, or government
official. |
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| Bankruptcy |
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Process that relieves an individual or
corporation of debt by handing over all belongings to the court that
in turn distributes them to creditors. |
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| Bearer |
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The person or company in possession of any
promise of payment or certificate of indebtedness. |
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| Bench
warrant |
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Order issued by judge authorizing arrest of
person charged with contempt of court or a crime. |
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| Beneficiary |
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Person or entity named to receive money,
property, or other benefits from a will, insurance policy, or
trust. |
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| Bequeath |
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To give personal or real property by will
and testament. |
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| Bequest |
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Property given, or bequeathed, by will;
legacy. |
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| Bigamy |
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Crime of knowingly marrying while previous
marriage is still legally in effect. |
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| Bill of
lading |
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Document issued by transporter to shipper
describing goods being shipped, acknowledging receipt, and
specifying terms of transport. |
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| Blue-sky law |
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State laws regulating sales of securities
for purpose of protecting the public from fraud. |
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| Board of
directors |
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Persons elected by corporate shareholders
to manage company business and appoint officers. |
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| Brief |
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Written presentation to the court that
outlines legal arguments of one party in a case. |
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| Broker |
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Agent who negotiates sales and other
agreements between parties for a commission or fee. |
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| Burden of
Proof |
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Responsibility of party in a lawsuit to
persuade a judge or jury that the evidence proves its side of the
case. |
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| Bylaws |
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Rules and regulations adopted by an
organization or corporation specifying the duties of its members and
how the business is run. |
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