The person who transfers property by sale, particularly real estate, “seller” being more commonly used for one who sells personalty. He is the vendor who negotiates the sale, and becomes the recipient of the consideration, though the title comes to the vendee from another source, and not from the vendor. Rutland v. Brister, 53 Miss.… Continue Reading VENDOR
Search Results for: consideration
VALUE RECEIVED
A term often used in a promissory note meaning that there has been a lawful consideration given for the note.
VALUE
The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists “value in use;” or its worth consisting in the power of purchasing other objects, called “value in exchange.” Also the estimated or appraised worth of any object of property, calculated in money. The term is… Continue Reading VALUE
VADUM
In old records, a ford, or wading place. Cowell. VAGABOND 1196 VALUABLE CONSIDERATION
UNJUST ENRICHMENT
1. Benefit retention with no consideration of return where it can be reasonably expected. 2. Money obtained that is not a gift that the beneficiary needs to make restitution for.
UNLAWFUL
That which is contrary to law. ÒUnlawfulÓ and ÒillegalÓ are frequently used as synonymous terms, but, in the proper sense of the word, Òunlawful,Ó as applied to promises, agreements, considerations, and the like, denotes that they are ineffectual in law because they involve acts which, although not illegal, i. e., positively forbidden, are disapproved of… Continue Reading UNLAWFUL
UNIVERSE OF DISCOURSE
Everything for consideration during an examination, discussion or study.
TRADITIO
Lat In the civil law. Delivery ; transfer of possession; a derivative mode of acquiring, by which the owner of a corporeal thing, having the right and the will of aliening it, transfers it for a lawful consideration to the receiver. Heinecc. Elem. lib. 2, tit. 1,
THEFT-BOTE
The offense committed by a party who, having been robbed and knowing the felon, takes back his goods again, or receives other amends, upon an agreement uot to prosecute. See Forshner v. Whitcomb, 44 N. II. 16. Theft-bote est emenda furti capta, sine consideratione curia; domini regis. 3 Inst.. 134. Theft-bote is the paying money… Continue Reading THEFT-BOTE
TANNERIA
ishment of an Injury by an act of tbe same kind, as an eye for an eye, a limb for a limb, etc. Calvin. Talis interpretatio semper fiends est, nt evitetur absurdum et inconveniens, et ne jndicinm sit illusorinm. 1 Coke, 52. Interpretation is always to be made in such a manner that what is… Continue Reading TANNERIA