BUSI 4000 Lecture Notes - Lecture 5: Tyler Winklevoss, Garnishment, Counterclaim
9 Dec 2017
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Document Summary
Twin brothers cameron & tyler winklevoss lost their legal effort to re-open a 2008 settlement with facebook . Arises when one party brings a legal action against another. Should be a last resort when other methods have failed. Plaintiff: the party that initiates a lawsuit against another party. Burden of proof: the obligation of the plaintiff to prove its case beyond the balance of probabilities . Pleadings: the formal documents concerning the basis for a lawsuit. Counterclaim: a claim by the defendant against the plaintiff. Discovery: the process of disclosing evidence to support the claims in a lawsuit. Limitation periods: the time period specified by legislation for commencing legal action. Vary widely, depending on the nature of the lawsuit and the province. The right to sue is lost after the applicable period of time ends. Normally the court will order the loser to pay the winner"s costs.
