
Defalcation

Latin for “in fact.” often used in place of “actual” to show that the court will treat as a fact authority being exercised or an entity acting as if it had authority, even though the legal requirements have not been met.
Latin for “in fact.” often used in place of “actual” to show that the court will treat as a fact authority being exercised or an entity acting as if it had authority, even though the legal requirements have not been met.