Tag: Contract
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Attorney-in-fact
See also One who is appointed by another, with the authority to act for… (Read more)…
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Force Majeure
The title of a standard clause in marine contracts exempting the parties for no fulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war….
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Force Majeure
The title of a standard clause in marine contracts exempting the parties for no fulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war….
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Post Obit
(Lat.) An agreement by which the obligor borrows a certain sum of money, and promises to pay a larger sum, exceeding the lawful rate of interest, upon the death of a person from whom he has some expectation, if the obligor be then living. 7 Mass. 119; 6 Madd. IJl; 5 Ves. 57; 19 Ves.…
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Breach
The violation of a obligation , ora duty.
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Breach
The violation of a obligation , ora duty.
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Clerk
Legal Definition and Related Resources of Clerk Meaning of Clerk (Latin Clericus) Originally the term meant a man of letters, a learned man, hence the reference to a member of the clergy as a clerk. However, in modern times, the term has a wide […]
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Escrow
A writing , such as a deed or a release , sealed and delivered to a third party , i.e., a person not a party to the instrument , to be held by such third party until the fulfilment of certain conditions and then to be delivered by him to the other party to take…
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Consideration
In contracts consideration consists either in some right , interest , profit or benefit accruing to the one party , or some forbearance , detriment , loss or responsibility given, suffered or undertaken by the other . Something moving from one party to another, either to benefit of […]
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Consideration
In contracts consideration consists either in some right , interest , profit or benefit accruing to the one party , or some forbearance , detriment , loss or responsibility given, suffered or undertaken by the other . Something moving from one party to another, either to benefit of […]
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Agreement
Agreement in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of agreement.ResourcesSee AlsoLaw Enforcement Officer Police Officer Law Enforcement Agency Further Reading agreement in A Dictionary […]
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Agreement
Agreement in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of agreement.ResourcesSee AlsoLaw Enforcement Officer Police Officer Law Enforcement Agency Further Reading agreement in A Dictionary […]
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Fictitious Payee
When a bill of exchange is drawn in favor of a non-existent or fictitious person , then the same may be treated as payable to bearer .
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Fictitious Payee
When a bill of exchange is drawn in favor of a non-existent or fictitious person , then the same may be treated as payable to bearer .
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Inchoate
Imperfect; partial; begun but not completed. The interest of a wife in the lands and tenements of her husband during his lifetime is said to be an inchoate right to dower, since the interest is not complete, does not crystallize until his death. Not a contingent interest taking effect only […]