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ABISHERING

Categories: Contracts

Definition (1910 Edition)

A stipulation in an arbitration bond that the parties shall “abide by” the award of the arbitrators means vnly that they shall await the award of the arbitrators, without revoking the submission, and not that they shall acquiesce in the award when made. Marshall v.-Reed, 48 N. H. 36; Shaw v. Hatch, 6 N. H. 162; Weeks v. Trask, 81 Me. 127, 16 Atl. 418, 2 L. R. A. 582. ;
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.