Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
adoption,
family law. the statutory process of terminating a child's legal rights and duties toward the natural parents and substituting similar rights and duties toward adoptive parents .
option,
n. 1. The right or power to choose; something that may be chosen <the lawyer was running out of options for settlement>. 2. A contract made to keep an offer open for a specified period, so that the offeror cannot revoke the offer during that period <the option is valid because it is supported by consideration. - Also termed option contract. See irrevocable offer under OFFER. 3. The right conveyed by such a contract <Phil declined to exercise his first option to buy the house>. 4. The right (but not the obligation) to buy or sell a given quantity of securities, commodities, or other assets at a fixed price within a specified time <trading stock options is a speculative business>. Cf. FUTURES CONTRACT.