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Trustees of Dartmouth College v. Woodward

The legal structure of the modern U.S. business corporation had its genesis in Trustees of Dartmouth College v. Woodward, 17 U.S. (4 Wheat.) 518, 4 L. Ed. 629 (1819), which held that private corporate charters are protected from state interference by the Contracts Clause of the U.S. Constitution (art. I, § 10).

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Multiplicity of Actions

Several unnecessary attempts to litigate the same claim or issue.

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Syllabus

A headnote; a short note preceding the text of a reported case that briefly summarizes the rulings of the court on the points decided in the case.

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Stop Payment Order

Revocation of a check; a notice made by a depositor to his or her bank directing the bank to refuse payment on a specific check drawn by the depositor.

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Usury

The crime of charging higher interest on a loan than the law permits.

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Petition In Bankruptcy

A document filed in a specialized federal court to commence a proceeding to provide a means by which a debtor who is unwilling or financially unable to pay personal debts will satisfy the claims of his or her creditors as they come due.

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