STAURUM
Categories: Contracts
Definition (1910 Edition)
is ambiguous, and any subsequent enactment involves a particular interpretation of the former act, it is said to contain a statutory exposition of the former act. Wharton.—Statuto—- ry foreclosure. See FORECLOSURE.—Stat~ utory obligation. An obligation—whether to pay money, perform certain acts, or discharge certain duties—which is created by or arises out of a statute, as distinguished from one founded upon acts between parties or jural relationships.—Statutory release. A conveyance which superseded the old compound assur ance by lease and release. It was created by
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.