BANK LIABILITY FOR FAILING TO
FOLLOW
New Jersey has adopted provisions of Article III and IV of the Uniform
Commercial Code which govern the allegation of check-fraud losses, N.J.S.A. 12A: and
12A:4-406.
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One of the first and most important decisions a new business owner must make is to
decide the form of legal structure to use in forming the business. There are three main
types of legal form in which to translate business; sole proprietorship, partnership and
corporate. Each type has advantages and disadvantages, which should be discussed
thoroughly with legal counsel before making a final decision. |
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When an owner of property fails to pay property
taxes to the township in which the property is located, the township or municipality has
the right to purchase the property tax sale certificate or auction the property tax sale
certificate to the highest bidder.
Planning
For The Elderly
Often elderly married couples find one of the
partners required to be institutionalized for health-care reasons. This
can create financial burden's on the community (non-institutionalized)
spouse and family. Often Medicaid benefits may be available for the
institutionalized spouse provided that the institutionalized spouse does
not have assets. One way to protect both the institutionalized spouse and
the community spouse and their assets is to create Special Needs Trust.
Homeowners suffered a loss of protection in a
change in prior law enacted in late October 1992
Information, not legal advice. |
