Search results for: “common wall”
-
Equitable Assignment
An assignment which, though invalid at law, will be recognized and enforced in equity . It is such an assignment as gives the assignee a title which, though not cognizable at law, will be recognized and protected in equity and it is in the nature of a trust based on principles of […]
-
Suit
Legal Definition and Related Resources of Suit Meaning of Suit Any legal proceeding and includes an action in law as well as in equity . A generic term of comprehensive significance and applies to any proceeding in a court of justice in which […]
-
Close Corporation
This phrase has been variously defined to include relative paucity of shareholders and substantially identical control of ownership and management, but one common denominator is that shares have no ready market. Rogers Walla Walla Inc. v Ballard, 553 P.2d 1372, 16 Wash. App. 81.
-
Pool
Legal Definition and Related Resources of Pool Meaning of Pool A pond (q. v.) A combination of independent persons or corporations for the division of earnings. See Pooling Contract. A pool or trust is a combination having the intention and […]
-
Judgment Lien
A lien on property, arising from the operation of law as a result of judgment rendered by a court of record. Not a lien known to common law but one created by statutes. See Morsell v First Nat. Bank, 91 U.S. 357, 23 L.Ed. 436. The origin of a judgment lien is said to be…
-
Quasi Contract
A contract that is imposed upon parties independent of their intention, by law. An action for money had and received; an action based on quantum meruit are examples of actions founded on quasi-contracts.
-
Chattel Mortgage
A. contract between parties , whereby the mortgagor transfers the property in chattels to the mortgagee , subject to his, the mortgagor’s right to retain possession and to redeem the chattels. conveyance of, some present legal or equitable right in personal […]
-
Equity of Redemption
An estate in land and the person entitled to same is in equity the owner of the land. Clarke v Revburn, 8 Wall. 318, 19 L.Ed. 354. The right of a mortgagor , upon payment of the mortgage debt, to a reconveyance of the legal estate which was vested in the mortgagee by reason […]
-
Commercial Paper
Negotiable instruments, including checks, notes, bearer bonds, drafts, certificates of deposits and promissory notes. See Aurora v West, 7 Wall. 82, 19 L.Ed. 42; Bank of Newport v Cook, 60 Ark. 288, 30 S. W. 35; and Royal Jewelers, Inc. v Tanner, 95 Ohio App. 339, 108 N.E.2d291. See also […]
-
Offset
Elimination of a long or short position by making an opposite transaction. Related: liquidation….
-
Closure
Legal Definition and Related Resources of Closure Meaning of Closure The procedure in deliberative assemblies such as the house of commons whereby a debate is closed. Related Entries of Closure in the […]
-
Mutual
Legal Definition and Related Resources of Mutual Meaning of Mutual common to both parties . Intercha geable, reciprocal. Given and received, su. as a mutual engagement or relation . See Mistake Mutual […]
-
Escape
The act by which one who is arrested or is already in lawful custody , gains his liberty before he is delivered by due course of law.
-
Restraint Of Trade
At common law , contracts in restraint of trade are those with a stranger to the contractor ‘s business , which wholly or partially restrict the freedom of the contractor in carrying on that business as otherwise he would . See Northern securities Co. v United States , 193 […]