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Today's Terms
Cause of action
Definition:
A claim in law in fact sufficient to justify a legal right to sue
Default
Definition:
Occurs when a defendant fails to respond to the plaintiff's complaint within the time allowed, or fails to appear at the trial. The court may then enter a default judgment
Fiduciary
Definition:
A person who has assumed a special relationship to another person or another person's property, such as a trustee, administrator, executor, lawyer, or guardian. The fiduciary must exercise the highest degree of care to maintain and preserve the person's rights and/or property, which are within his/her charge
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