Simple English definitions for legal terms
Read a random definition: entire benefit
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.
Definition: B is an abbreviation for various terms, including:
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.