50 Percent Rule Law and Legal Definition

50 percent rule is a principle applied in certain states whereby the plaintiff?s recovery in negligence cases is barred if the plaintiff’s percentage of fault is 50% or more. In such states, the liability for negligence is calculated in accordance with the percentage of fault that the fact-finder assigns to each party. The recovery will…

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504 Financing Law and Legal Definition

According to 13 CFR 120.1700 [Title 13 — Business Credit and Assistance; Chapter I — Small Business Administration; Part 120 — Business Loans; Subpart J–Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools], 504 financing means ?the loans made to a small business to fund a Project under the SBA’s…

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504 Plan [Education] Law and Legal Definition

A 504 Plan is a plan developed to ensure that a child, with a disability pursuant to Section 504 of the Rehabilitation Act of 1973 attending an elementary or secondary educational institution, receives accommodations providing him/her access to the learning environment. Accommodations include wheelchair-accessible facilities, adjustable-height tables, large-print reading materials, and increased time to complete…

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50th-Percentile Adult Male Law and Legal Definition

According to 49 CFR 238.5 [Title 49 ? Transportation; Subtitle B — Other Regulations Relating to Transportation; Chapter II — Federal Railroad Administration, Department of Transportation; Part 238 — Passenger Equipment Safety Standards; Subpart A ? General], 50th-percentile adult male means ?a person weighing 164 pounds (plus or minus 3 pounds) and possessing the following…

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527 Organizations Law and Legal Definition

527 Organisations are named after a section of the US Tax code, 26 U.S.C. § 527. They are political campaign groups officially unaffiliated to individual parties or candidates, and therefore not liable for campaign spending restrictions.

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