Engel's Law is a 19th century observation that as household income increases, the percentage of that income spent on food declines on a relative basis. This is simple enough on its face, but it raises many questions when applied to actual situations. Law of Demand Definition The law of demand states that quantity purchased varies inversely with price. Legatee definition is - one to whom a legacy is bequeathed or a devise is given. Updated October 22, 2020: The legal definition of "affiliate" applies to business and retail relationships. Wind Up: The last phase in the dissolution of a partnership or corporation, in which accounts are settled and assets are liquidated so that they may be distributed and the business may be terminated. Bond Legal Definition. n. a true legal dispute which leads to a genuine lawsuit rather than merely a "cooked up" legal action filed to get a court to give the equivalent of an advisory opinion. Learn more. How to use legatee in a sentence. Affiliates are organizations, individual persons, or business concerns that are controlled by a third party or each other. Learn about self-defense law and related topics by checking out FindLaw's section on Criminal Law … See more. It is distinguishable from evidence in that proof is a broad term comprehending everything that may be adduced at a trial, whereas evidence is a narrow term describing certain types of proof … Legal definition, permitted by law; lawful: Such acts are not legal. Common Law vs. Civil Law . Civil law is a comprehensive, codified set of legal statutes created by legislators. The establishment of a fact by the use of evidence. State … legal definition: 1. connected with the law: 2. allowed by the law: 3. used to refer to a standard size of paper in…. The dissolution of a corporation or a partnership culminates in the wind up of all legal and financial affairs of the business. The bond legal definition is, by law, a written agreement in which someone receives the bond (monetary payment) and promises to engage in a specific act, i.e., performing under a contract or appearing in court. Self-defense refers to your right to protect yourself from suffering force or violence through the use of a sufficient level of counteracting force or violence. In a police lineup, a witness to a crime, who may be the victim, observes a group of individuals that may or may not … lineup: A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. Proof. Anything that can make a person believe that a fact or proposition is true or false. In other words, the higher the price, the lower the quantity demanded. Hand up definition is - to deliver (an indictment) to a judge or higher judicial authority. 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