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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
Joint petition: One bankruptcy petition filed by a
husband and wife together.
Joint tenancy: A form of ownership where each party
owns the whole property and ownership is not separate. If one party dies, the
survivor owns the property.
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.
Judicial dissolution: The forced dissolution of a
corporation by a court at the request of a state attorney general, shareholder,
Judicial lien: Lien
obtained by judgment, levy, sequestration, or other legal or equitable process
Judgment: (or Judgement) A
decision made by a court of law. In judgments that require the repayment of a
debt, the court may place a lien against the debtor's real property.
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.
Judicial foreclosure: A
foreclosure proceeding handled as a civil lawsuit and conducted entirely under
the auspices of a court. North Carolina allows deeds of trust and association
liens to be enforced through a power of sale foreclosure.
Jurisdiction: The power of
a court to act in particular case.
The panel of people who decide the facts in a lawsuit.