Lotteries Law and Legal Definition. According to the Federal Lottery Law, it is illegal to operate a lottery through the mail or over the telephone. A lottery exists when you must pay for a chance to win a prize. The prize could range from money to jewelry or a new car. The chance means an opportunity to win, such as a drawing or a matching lucky number. Consideration means some sort of payment by you.
JURISDICTIONAL ISSUES IN THE APPLICATION OF CUSTOMARY LAW IN THE CUSTOMARY COURT OF APPEAL Customary Law is applied primarily in the customary courts or Area Courts as well as the Customary Court of Appeal. which are inferior courts of records.
One of the many issues facing a closely-held business owner is the proper valuation of a family business which often is the dominant asset of the ownerâs estate, both financially and emotionally. The issue of valuation can arise in many legal contexts, but most often for transfer tax purposes.