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juristic act

   Also found in: Legal, Financial 0.03 sec.
juristic act
n
1. (Law) a proceeding designed to have a legal effect
2. (Law) an act by an individual aimed at altering, terminating, or otherwise affecting a legal right
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Note that under article 61 of the General Principles of Civil Law, any party whose juristic act is held void because of fraud, deception, violation, or unlawful purpose is required to return all properties it has obtained by the void act and to compensate the victim.
Piercing China's corporate veil: open questions from the new Company ... by Wu, Mark / Yale Law Journal
 
 
 
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