Philippine properties

Joint Note - Judgement

JOINT NOTE. A note signed by two or more persons who have equal liability for payment.

JOINT TENANCY. Ownership by two or more persons with each having equal rights, owning equal interests and having the automatic right to assume full title upon the death of the other joint owner(s).

JUDGEMENT. The final determination of a court of competent Jurisdiction of a matter presented to it, A court order establishing the rights or indebtedness of one person to another, as a result of a legal action or suit.

 

Posted June 14, 2008 at 6:50 pm
Labels: Real Estate Glossary




 


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