lien creates value by establishing collateral backing it
Ex: Lien on a car, evidence of lien referenced in a negotiable instrument. Transfers interest of the lien to an individual
Category: Uncategorized
bond = promise
controvert (v.)
c. 1600, “dispute (something), oppose by argument” (a sense now obsolete); 1610s, “to make the subject of verbal contention, debate, discuss; contend against (someone) in argument,” probably a back-formation from controversy. Related: Controverted; controverting; controvertible.
own nothing, control everything
trust law
quasi public corporation
plenipotentiary power
quid pro quo
a favor or advantage granted or expected in return for something.
Quid pro quo is a Latin phrase used in English to mean an exchange of goods or services, in which one transfer is contingent upon the other; “a favor for a favor”. Phrases with similar meanings include: “give and take”, “tit for tat”, “you scratch my back, and I’ll scratch yours”, and “one hand washes the other”