Business Law Glossary: J

Jobber: A merchant who buys products (usually in bulk or lots) and then sells them to various retailers. This middleman generally specializes in specific types of products, such as auto parts, electrical and plumbing materials, or petroleum.

Joint Adventure: When two or more people go together on a trip or some other action, not necessarily for profit, which may make them all liable for an accident or debt arising out of the activity.

Joint Enterprise: A generic term for an activity of two or more people, usually (but not necessarily) for profit, which may include partnership, joint venture or any business in which more than one person invests, works,

Joint Venture: An enterprise entered into by two or more people for profit, for a limited purpose, such as purchase, improvement and sale or leasing of real estate.

Judgment Notwithstanding The Verdict: An order by the trial judge entering a judgment in a manner contradictory to the jury's verdict. This is granted only when the verdict is unreasonable and unsupportable.

Judgment: A court's decision.

Judicial Dissolution: The forced dissolution of a corporation by a court at the request of a state attorney general, shareholder, or creditor.

Jurisdiction: The power of a court to act in particular case.

Jury: The panel of people who decide the facts in a lawsuit.