Posts by admin

take the witness.You may now question the witness. • This phrase is a lawyer’s courtroom announcement that ends one side’s questioning and prompts the other side to begin its questioning. Synonymous phrases are your witness and pass the witness. [Blacks Law 8th]

take the Fifth.To assert one’s right against self-incrimination under the Fifth Amendment. • A common but loose variant of the phrase is plead the Fifth: invoking the right is not a plea. See RIGHT AGAINST SELF-INCRIMINATION N. [Cases: Witnesses 297. C.J.S. Witnesses § 522.] [Blacks Law 8th]

taker,n. A person who acquires; esp., one who receives property by will, by power of appointment, or by intestate succession. [Cases: Wills 492–495. C.J.S. Wills §§ 902–905, 928, 956, 964–966.] first taker.A person who receives an estate that is subject to a remainder or executory devise. presumptive taker.A person who would take under the applicable…

takeover offer.See TENDER OFFER. [Blacks Law 8th]

target offense.See object offense under OFFENSE(1). [Blacks Law 8th]

takeover defense.A measure taken by a corporation to discourage hostile takeover attempts. — Often shortened to defense. — Also termed shark repellent. structural takeover defense.A legal mechanism adopted by a corporation to thwart any future takeover bid without having any financial or operational effect on the target corporation. transactional takeover defense.A financial or operational transaction…

takeover bid.An attempt by outsiders to wrest control from the incumbent management of a target corporation. See TENDER OFFER. [Blacks Law 8th]

takeover agreement.See AGREEMENT. [Blacks Law 8th]

takeover. The acquisition of ownership or control of a corporation. • A takeover is typically accomplished by a purchase of shares or assets, a tender offer, or a merger. [Cases: Securities Regulation 52.10–52.26. C.J.S. Securities Regulation §§ 121, 123–127, 129–130, 138–139.] friendly takeover.A takeover that is approved by the target corporation’s board of directors. hostile…

take-or-pay contract.See CONTRACT. [Blacks Law 8th]