Business Law GLOSSARY
Glossary of Business Law Terms
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Jobber: A merchant who buys products (usually in bulk or
lots) and then sells them to various retailers. This middleman
generally specializes in specific types of products, such as auto
parts, electrical and plumbing materials, or petroleum.
Joint Adventure: When two or more people go together on a
trip or some other action, not necessarily for profit, which may
make them all liable for an accident or debt arising out of the
Joint Enterprise: A generic term for an activity of two or
more people, usually (but not necessarily) for profit, which may
include partnership, joint venture or any business in which more
than one person invests, works,
Joint Venture: An enterprise entered into by two or more
people for profit, for a limited purpose, such as purchase,
improvement and sale or leasing of real estate.
Judgment Notwithstanding The Verdict: An order by the
trial judge entering a judgment in a manner contradictory to the
jury's verdict. This is granted only when the verdict is
unreasonable and unsupportable.
Judgment: A court's decision.
Judicial Dissolution: The forced dissolution of a
corporation by a court at the request of a state attorney general,
shareholder, or creditor.
Jurisdiction: The power of a court to act in particular
Jury: The panel of people who decide the facts in a