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Simple English definitions for legal terms
B.
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A quick definition of B.:
Term: B.
Definition: B is an abbreviation for Baron, which is a title of nobility. B can also stand for B2B, which means business-to-business, or B2C, which means business-to-consumer. BA is short for banker's acceptance, which is a type of financial instrument. Lastly, the term "baby act, pleading the" refers to using the defense of being too young to enter into a contract.
A more thorough explanation:
Definition: B is an abbreviation for various terms, including:
- BARON(3)
- B2B, which stands for BUSINESS-TO-BUSINESS, as in a B2B transaction
- B2C, which stands for BUSINESS-TO-CONSUMER, as in a B2C transaction
- BA, which refers to a banker's acceptance under ACCEPTANCE(4)
- BABY ACT, PLEADING THE, which is a slang term for the act of asserting a person's infancy as a defense to a contract claim
For example, a company selling products to another company would be engaged in a B2B transaction. On the other hand, a company selling products directly to consumers would be engaged in a B2C transaction. If a person receives a banker's acceptance, they can use it as a form of payment. Finally, if someone is sued for breaching a contract, they may plead the baby act as a defense if they were underage when they entered into the contract.