Category: Commercial Law

Found 282 results · Showing 151–180

L. R. A. (WN

8.) 420.—Eleetive franchise. The right of suffrage; the right or privilege of voting in public elections,—Franchise tax. A tax on the franchise of a corporation, that is, on the right and privilege of carrying on business in the character of a co...

Law, ce

12, 357.—“‘Contents unknown.’’ Words sometimes annexed to a bill of lading of goods in cases. Their meaning is that the master only means to acknowledge the shipment, in good order, of the cases, as to their external condition. Clark v. Bar...

Lien

that an action cannot be sustained, or that there is no ground upon which to found the action. —Lie in franchise. Property is said to “lie in franchise” when it is of such a nature that the persons entitled thereto may seize it without the aid ...

LOCMAN

Fr. In French marine law. A local pilot whose business was to assist the pilot of the vessel in guiding her course into a harbor, or through a river or channel. Martin v. Farnsworth, 33 N. Y. Super. Ct.

MANCEPS

Lat. In Roman law. ‘A purchaser; one who took the article sold in his hand; a formality observed in certain sales. Calvin. A farmer of the public taxes.

Marsh. Ins

559; 3 Kent, Comm. 318-335, aud notes; The St. Johns (D. C.) 101 Fed. 798; Boon v. Insurance Co., 40 b. 1, ce. 9, § 5; Park, Ins. 388; 185.—OCourse of trade. What is customarily or ordinarily done in the management of trade or business.

McClaskey v. Barr (C. C.) 34 Fed

798.—All faults. <A sale of goods with “all faults” covers, in the absence of fraud on the part of the vendor, all such faults and defects as are not inconsistent with the identity of the goods as the goods déscribed. Whitney v. Boardman, 118

MEDIATE DESCENT. See DESCENT

MEDIATE POWERS. Those incident to primary powers given by a principal to his agent. For example, the general authority given to collect, receive, and pay debts due by or to the principal is a primary power. In order to accomplish this, it is frequent...

MERCANTILE

MENSULARIUS. In the civil law. A money-changer or dealer in money. Dig. 2, 14, 47, 1. and commerce or the buying and selling of commodities. See In re San Gabriel Sanatorium (D. C.) 95 Fed. 273; In re Pacific

Origin: Civil Law Read full definition →

MIDDLESEX, BILL OF. See BIL

MIDSHIPMAN. In ships of war, a kind of naval cadet, whose business is to second or transmit the orders of the superior officers and assist in the necessary business of the vessel, but understood to be in training for a commission. A passed midshipman...