Category: Contracts

Found 629 results · Showing 331–360

LICITATION

offering for sale to the highest bidder, or to him who will give most for a thing. An act by which co-heirs or other co-proprietors of a thing in common and undivided between them put it to bid between them, to be adjudged and to belong to the highes...

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 ...

LIEUTENANT

rent when they are of the same rank, and for supplies or materials or services in preparation for the same voyage, or if they arise on different bottomry bonds to different holders for advances at the same time for the same repairs. 1. A deputy; sub...

LITIS CONTESTATIO

Lat. In the Contestation of suit; the process of contesting a suit by the opposing statements of the respective parties; the process of coming to an issue; the attatinment of an issue; the issue itself.

LITIS DENUNOCIATIO

Lat. In the civil law. The process by which a purchaser of property, who is sued for its possession or recovery by a third person, falls back upon his vendor’s covenant of warranty, by giving the latter notice of the action and demanding his aid in...

Origin: Civil Law Read full definition →

LOAN

of the guardian’s hands, upon the heir’s attaining the requisite age,—twenty-one for males, sixteen for females. 2 Bl. Comm. 68.—Liveryman. A member of some company in the city of London; also called a “freeman.”—Livery of seisin. The a...

LOQUELA

Lat. -A colloquy; talk. In old English law, this term denoted the oral altercations of the parties to a suit, which led to the issue, now called the “pleadings.”

Origin: Historical Read full definition →

LOU LE LEY DONE CHOSE

promised or agreed to pay, any valuable consideration for the chance of obtaining such property, or a portion of it, or for any share of or interest in such property, upon any agreement, understanding, or expectation that it is to be distributed or d...

LOUAGE

Fr. This is the contract of hiring and letting in French. law, and may be either of things or of labor. The varieties of each are the following:

LUCRA NUPTIALIA

Lat. In Roman law. <A term including everything which -a husband or wife, as such, acquires from the estate of the other, either before the marriage, or on agreeing to it, or during its continuance, or after its dissolution, and whether the acquisiti...

LUCRATIVA USUOAPIO

Lat. This species of uwsucapio was permitted in Roman law only in the case of persons taking possession of property upon the decease of its late owner, and in exclusion or deforcement of the heir, whence it was called “usucapio pro herede.” The a...

Lux v. Haggin, 69 Cal

255, 315, 10 Pac. 707.— Bienes gananciales. A species of community in property enjoyed by husband and wife, the property being divisible equally between them on the dissolution of the marriage; does not include what they held as their separate prop...

MANDATORY

the statute absolutely void; if the provision is such that disregard of it will constitute an irregularity, but one not necessarily fatal, it Is said to be directory. So, the mandatory part of a writ is that which commands the person to do the act sp...

MANOIPATIO

Lat. In Roman law. A certaln ceremony or formal process anciently required to be performed, to perfect the sale or conveyance of res mancipi, (land, houses, slaves, horses, or cattle.) The parties were present, (vendor and vendee,) with five witnesse...

Mar. Sett

92.—Mlarriage brokage. The act by which a third person, for a consideration, negotiates a marriage between a man and wo man. The money paid for such services is also known by this name. Hellen v. Anderson, 83 Ill. App. 508; White v. Equitable Nupti...

MARITIME

fPfertaining to the sea or ocean or the navigation thereof; or to commerce conducted by navigation of the sea or (in America) of the great lakes and rivers. ducted by navigation or to be done upon the sea or in ports. Over such contracts the admiral...

MARKETABLE

MARKETABLE. Such things as may he. sold in the market; those for which a buyer may be found. —Marketable title. A “marketable title’ to land is such a title as a court of equity, when asked to decree specific performance of the contract of sale...

Martin, 37 Ga

124, 92 Am. Dec. 56. But if the duty created by the obligation operates only on the moral sense, without being enforced by any positive law, it is ealled an “imperfect obligation,” and creates no right of action, nor has it any legal operation. T...

MATRIMONIUM

Lat. In Roman law. A legal marriage, contracted in strict accordance with the forms of the older Roman law, #4. e., either with the farreum, the coemptio, or by usus. This was allowed only to Roman citizens and to those neighboring peoples to whom th...

McIntosh, 8 Wheat

543, 588, 5 L. Ed. 681... Abstract of title. See that title—Adverse title. A title set up in opposition to or defeasance of another fitle, or one acquired or claimed by adverse ession Bond for title. See Bonn.—Chain of title. See that title—Ool...

Menominie (D. C.) 36 Fed

197; Tobacco Warehouse Co, v. Trustee, 117 Ky. 478, 78 S. W. 413, 64 L. R. A. 219.—Common-law marriage. One not solemnised in the ordinary way, but created by an agreement to marry followed by cobabitation;: a consummated agreement to marry, betwee...