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    • Join Date: Jul 2005
    • Posts: 928
    #1

    estate

    Hi,

    could you please tell me what "estate" means in the following sentence:


    The term “Person” as used in this Contract means any individual, corporation, trust, association, unincorporated association, estate, partnership, joint venture, Limited Liability Company, governmental entity or other legal entity.

    Thank you very much!

    Hanka


    • Join Date: Sep 2007
    • Posts: 1,153
    #2

    Re: estate

    Quote Originally Posted by Hanka View Post
    Hi,

    could you please tell me what "estate" means in the following sentence:


    The term “Person” as used in this Contract means any individual, corporation, trust, association, unincorporated association, estate, partnership, joint venture, Limited Liability Company, governmental entity or other legal entity.

    Thank you very much!

    Hanka
    I believe estate in this context means a person's holdings of property, buildings, money and investments which if large enough may even have professional management.


    • Join Date: Jul 2005
    • Posts: 928
    #3

    Re: estate

    But shouldn´t it mean any entity? Because all of the other expressions refer to entities, companies etc.


    • Join Date: Sep 2007
    • Posts: 1,153
    #4

    Re: estate

    Quote Originally Posted by Hanka View Post
    But shouldn´t it mean any entity? Because all of the other expressions refer to entities, companies etc.
    If it was a professionally managed estate, it would be an entity. Actually I think even without such management it would be one.


    • Join Date: Jul 2005
    • Posts: 928
    #5

    Re: estate

    OK, thanks a lot!

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