Texas Civil Practice and Remedies Code Chapter 130 – Liability Provisions in Certain Construction Contracts
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Terms Used In Texas Civil Practice and Remedies Code Chapter 130 - Liability Provisions in Certain Construction Contracts
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Law: means a constitution, statute, city charter, or city ordinance. See Texas Election Code 1.005
- Political subdivision: means a county, city, or school district or any other governmental entity that:
(A) embraces a geographic area with a defined boundary;
(B) exists for the purpose of discharging functions of government; and
(C) possesses authority for subordinate self-government through officers selected by it. See Texas Election Code 1.005