Category: Property

Found 1337 results · Showing 691–720

Leg

p. 369, c. 6 § 7; 1 Story, Eq. Jur: § 555; 2 Bi. Comm. 512, 513: Brown v. Brown; 79 Va. 648; Neistrath’s Estate, 66 Cal.’ 330; 5 Pac. 507. In equity, when equitable assets are insufficient to satisfy fully all the creditors, their debts must ab...

Leg. Obs

75; Mathis v. Mathis, 18 N. J. Law. 6.—Residuary legacy. A bequest of all the testator’s personal estate not otherwise effectually disposed of by his will; a bequest of “all the rest, residue, and remainder’’ of the personal property after ...

LEGACY :708

legacy is payable, the bequest is sald to. lapse, as it then falls into the residuary fund of the estate.—-Miodal legacy. A bequest accompanied by directions as to the mode or manner in which it shall be applied for the legatee’s benefit, e. g., ...

LEGITIME

Lat. In the ctvil law. That portion of a parent’s estate of which he cannot disinherit his children without a legal cause. Miller v. Miller, 105 La. 257, 29

LEVANT ET COUCHANT

L. Fr. Rising up and lying down. A term applied to trespassing cattle which have remained long enough upon land to have lain down to rest and risen up to feed; generally the space of a night and a day, or, at least, one night.

LICENTIA

Lat. License; leave; per mission. —Licentia concordandi. In old practice and conveyancing. License or leave to agree; one of the proceedings on levying a fine of lands. 2 Bl. Comm. 350.—Licemtia loquendi. In old practice. Leave to speak, (#. e., ...

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 ...

LIGHT

a life-estate to himself.-Life-renter. In Scotch law. A tenant for life without waste. Bell.—Life tenant. One who holds an estate in lands for the period of his own life or that of another certain person.—Natural life. The period of a person’s ...

LIMITATION

LIMB. <A member of the human body. In the phrase “life and limb,” the latter term appears to denote bodily integrity in general; but in the definition of “mayhem” it refers only to those members or parts of the body which may be useful to a m...

Lindl. Partn

150, 1187.—Sharo-warrant. share-warrant to bearer is a warrant or certificate under the seal of the company, stating that the bearer of the warrant is entitled to a certain number or amount of fully paid u

LITEM DENUNCIARE

Lat. In the civil law. To cast the burden of a suit upon another; particularly used with reference to a purchaser of property who, being sued in respect to it by a third person, gives notice to his vendor and demands his aid in its defense. See Macke...

Origin: Civil Law Read full definition →

Literally speaking, it

is the price or fare fixed by law for the transportation of the traveling public, with such goods and chattels as they may pl eo them, across a river, bay, or lake. e vy. San Francisco & A, Co., 35 Ca 1686. .

LITIS DOMINIUM

Lat. In the civil law. Ownership, control, or direction of a suit. <A fiction of law by which the employment of an attorney or proctor (procurator) in a suit was authorized or justified, he being supposed to become, by the appointment of his principa...

Origin: Civil Law Read full definition →

LITISPEN DENCE

an action, or of diligence, the direct object of which is to obtain possession, or to acquire the property of a particular subject. The effect of it is analogous to that of inhibition. Bell.

LORDSHIP

warrant from the signet office, issues the pri seal, which is an authority to the lord chancellor to pass the great seal where the nature of the grant requires it. But the privy seals for money begin in the treasury, whence the first warrant issues, ...

Lush

(or Lush. Adm.). English Admiralty Reports. Lush Pr. [Lush’s Common Law Practice. Lut. Lutwyche’s English Common Pleas Reports. ; Lut. Elec. Oas. es, England. Lut. R.C. Lutwyche’s English Registration Appeal Cases. Lutw.E. Lutwyche’s English ...

LUSHBOROW

where several distinct parcels of real estate, or several articles of :personal property, are sold together for a “Jump” or single gross sum. Anniston Pipeworks v. Williams, 106

LZSIONE FIDEL

g., when a vendor had not received half the value of property sold, or the purchaser had paid more than double value. cola: pou Civil Law, § 2004.

Origin: Civil Law Read full definition →

Maas

70, 30 N. E. 472.—Second mortgage. One which takes rank immediately after a ‘first mortgage on the same property, without any intervening liens, and is next entitled to satisfaction out of the proceeds of the property.