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Forfeiture (view source)

Revision as of 02:48, July 12, 2007

634 bytes added ,  02:48, July 12, 2007
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A forfeiture is a cancellation.  
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A forfeiture is a cancellation in contract law.  Most commonly a forfeiture is a legal action whereby a contract purchaser following default loses all his interest in the property.  
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Most commonly a forfeiture is a legal action whereby a contract purchaser following default loses all his interest in the property.  
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In litigation forfeiture has a different meaning.  Forfeiture in a trial is the failure to make the timely assertion of a right.  This is contrasted with waiver, which is the intentional relinquishment or abandonment of a known right.  This distinction is important, because a right that is waived is lost on appeal unless there is proof that the waiver was defective, but a right that is forfeited may be the subject of an assertion of plain error on appeal (for overturning the trial decision).<ref>''Sherron v. Mississippi'', 2006 Miss. App. LEXIS 832 (Ct. App. Nov. 7, 2006)</ref>
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== References ==
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<references/>
 
[[category:legal terms]]
 
[[category:legal terms]]
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