Alabama Legal Interest Rate
The legal interest rate in Alabama is 6%.
Judgments incur interest at the rate of 12%.
General Law Articles
Must Contracts Be Signed or Initialed on Every Page?
Must Contracts Be Signed or Initialed on Every Page?
Short answer? No.
You may have noticed that often some multi-page contracts contain a location on each page for all parties to initial. Often you will see these small signature lines in the lower right hand corner of each individual page of a contract. The [...]
The Development of Decision by Trial
The first legal trials were not trials that we would recognize. In their early forms, trials were barbaric and violent and had almost nothing to do with judging truth or culpability, they were more predicated upon divine intervention or superstition. English courts employed a form of ‘trial by combat’ known as ‘wager of battel’ soon [...]
How Much is a Human Life Worth in Dollars?
Our modern legal system has to apply a numerical value to a human life– an imperfect and morbid undertaking, for sure, but the scope of human activity in a modern world inevitably yields death and sometimes disability, so any legal system has to eventually tackle the question. For example, when an American soldier dies in [...]
What Is Property?
LearnAboutLaw Staff July 2007
Property is any thing that is commonly recognized as being the possession of a thing or group. Important types of property include real property (land), personal property (physical possessions), and intellectual property (rights over artistic creations, inventions, etc.). Property can be tangible (objects such as cars, clothing, or a dead fox) [...]
Where Our Laws Come From: Ancient Roman Beginnings
LearnAboutLaw Staff July 2007
Laws are, for the most part, immutable. Once established, laws change very slowly, often taking centuries to adapt and transform. The laws of real estate and contracts have changed very little in a thousand years. Property crimes such as theft and destruction of property, as well as crimes against the person [...]
Law Dictionary | Legal Glossary
This is a legacy page, our glossary of business law terms.
We have expanded our legal dictionary to include thousands of terms, you can reaching by visiting our Legal Dictionary.
Acquisition:
The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets.
Administrative Dissolution: The involuntary dissolution of a corporation [...]
Where Our Laws Come From: English Law
LearnAboutLaw Staff July 2007
England is a unique place. It’s part of Europe, but yet it’s isolated from the rest of Europe by water. A Viking could not just walk over a hill and take it over. Conquering England took a bit of work. Furthermore, any exchange of ideas or trade with the continent required [...]
The Development of Law and Equity
LearnAboutLaw Staff July 2007
England developed two independent legal systems in its history, and we refer to those systems as “law” and “equity.” Today, we hardly notice the difference. The most common remedy a court of law can award is money damages. Equity, however, enters injunctions or decrees directing someone either to act or to [...]