Archive for the ‘Business Terms’ Category

What is a Boiler Room

Posted on November 6th, 2008 by PinoyBusiness

As popularized from the 2000 film, A Boiler Room is a lead-generating system usually characterized by large groups of people working in cubicles making cold calls to consumers in order to gauge interest in real estate investments, insurance products, refinance offers, or any number of other products. The leads are then sold to professionals for […]

What is An Act of God legally

Posted on November 1st, 2008 by PinoyBusiness

In real estate and contracts, legally, an act of God is caused exclusively by the violence of Nature, without any intervention from humans. Many contracts contain clauses relieving the parties of responsibility if an Act of God delays or makes impossible the performance of the contract.Examples include earthquakes, floods, hurricanes, lightning, tidal waves, tornadoes. (With […]