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These flashcards cover the key concepts, terms, and definitions related to the Sniadach v. Family Finance Corporation, discussing garnishment, due process, and legal principles involved in the Supreme Court ruling.
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Garnishment
A legal procedure whereby a portion of a debtor's wages are withheld for payment of a debt.
Due Process
Legal requirement that the state must respect all legal rights owed to a person, ensuring fair treatment.
Fourteenth Amendment
Amendment to the U.S. Constitution that provides for equal protection under the law and due process.
In Rem Seizure
A legal term referring to actions taken against property rather than against a person.
Promissory Note
A financial instrument wherein one party makes an unconditional promise to pay a sum of money to another party at a specified time.
Wage Garnishment
A court-ordered deduction from an employee's wages to pay a debt.
Prejudgment Garnishment
The process of garnishing a debtor’s wages before a court judgment has been made.
Wisconsin Statute
State legislation governing procedures related to garnishment in Wisconsin.
Procedural Due Process
A constitutional requirement that legal proceedings be conducted fairly and that individuals receive an opportunity to be heard.
Judicial Usurpation
When a court takes over powers or authority that properly belong to another branch of government.
Creditor
An individual or institution to whom money is owed.
Debtor
An individual or entity that owes money to another.
Collection Fees
Charges incurred by creditors for the collection of debts.
Statutory Exemption
An amount of income that is protected from garnishment by law.
Natural Law
Philosophical belief in inherent rights that individuals have, which governments cannot infringe upon.
Legislative Power
The authority granted to legislative bodies to make laws.
Economic System
The organized way in which a country or community distributes resources and trade goods and services.