RoaldDahl
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Simple English definitions for legal terms
lucrative title
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A quick definition of lucrative title:
A lucrative title is a legal term that refers to the ownership rights of a person over a property. It can be acquired through various means such as inheritance or gift, without giving anything in exchange for the property. A title can be clear or defective, and it is important to have a marketable title that is free from any encumbrances or limitations. Title VII of the Civil Rights Act of 1964 is a federal law that prohibits employment discrimination and harassment based on race, sex, pregnancy, religion, and national origin.A more thorough explanation:
Definition: A title acquired without giving anything in exchange for the property; title by which a person acquires anything that comes as a clear gain, as by gift, descent, or devise.
Example: If someone inherits a house from a relative who passed away, they have acquired a lucrative title to the property because they did not have to pay for it.
Explanation: A lucrative title is a type of legal ownership that is acquired without any exchange of money or other valuable consideration. It is often acquired through inheritance or as a gift. In the example given, the person who inherited the house did not have to pay for it, so they acquired a lucrative title to the property. This type of title is treated as separate property in marriage because it was acquired without any contribution from the spouse.