Legal Definition and Related Resources of Law day
Meaning of Law day
The day fixed in a mortgage or defeasible deed for the payment of the debt secured. 24 Ala. (N. S.) 149; 10 Conn. 280. The phrase formerly marked the time when all legal rights were lost by the mortgagor’s default. There is now no such time, until foreclosure; and the term serves only to engender confusion. 21 N. Y. 343, 345, 365, 367. In Old English Law. Law day or lage day denoted a day of open court; especially the more solemn courts of a county or hundred. The court leet, or view of frankpledge.
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Law Day in the Dictionary | Law Day in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Law Day |
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Related topics | Law Day in the World Encyclopedia of Law |
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This definition of Law Day is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Concept of Law Day in the context of Real Property
Alternatives definitions of Law Day: (1) The day (date) in a note, mortgage, etc., when the debt is to be paid. (2) A holiday honoring the law and legal profession.
Concept of Law Day in the context of Real Property
Alternatives definitions of Law Day: (1) The day (date) in a note, mortgage, etc., when the debt is to be paid. (2) A holiday honoring the law and legal profession.
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