In the civil law. An honorary or free gift; a gratuitous payment, asdistinguished from hire or compensation for service; a lawyer’s or counsellor’s fee. Dig.50, 13, 1, 10-12.An honorarium is a voluntary donation, in consideration of services which admit ofno compensation in money; in particular, to advocates at law, deemed to prac! ice forhonor or… Continue Reading HONORARIUM
Search Results for: consideration
HERUS
Lat. A master. Servus facit ut hems (Jet, the servant does [the work] in orderthat the master may give [him the wages agreed on.] Herus dat ut servus facit. themaster gives [or agrees to give, the wages,] in consideration of, or with a view to, theservant’s doing [the work.] 2 Bl. Comm. 445.
GRATIS
Freely; gratuitously; without reward or consideration.
GRATUITOUS
Without valuable or legal consideration. A term applied to deeds ofconveyance and to bailments and other contracts.In old English law. Voluntary; without force, fear, or favor. Bract, fols. 11, 17.As to gratuitous “Bailment,” “Contract” and “Deposit,” see those titles.
GRATUITOUS AND ONEROUS
Gratuitous contracts are those of which the object is the benefit of the person with whom it is made, without any profit or advantage received or promised as a consideration for it. It is not, however, the less gratuitous if it proceed either from gratitude for a benefit before received or from the hope of… Continue Reading GRATUITOUS AND ONEROUS
GOOD
1. Valid; sufficient in law; effectual ; unobjectionable.2. Responsible; solvent; able to pay an amount specified.3. Of a value corresponding with its terms; collectible. A note is said to be “good”when the payment of it at maturity may be relied on. Curtis v. Smallman, 14 Wend. (N.Y.) 232; Cooke v. Nathan, 16 Barb. (N. Y.)… Continue Reading GOOD
GIVE
1. To transfer or yield to, or bestow upon, another. One of the operativewords in deeds of conveyance of real property. importing at common law, a warranty orcovenant for quiet enjoyment during the lifetime of the grantor. Mack v. Patcliin, 29How. Prac. (X. Y.) 23; Young v. Hargrave. 7 Ohio. G9, pt. 2; Dow v.… Continue Reading GIVE
GIFT
A voluntary conveyance of land, or transfer of goods, from one person to another,made gratuitously, and not upon any consideration of blood or money. 2 Rl.Comm. 440; 2 Steph. Comm. 102; 2 Kent, Comm. 437. And see Ingram v. Colgan, 100Cal. 113, 38 Pac. 315, 28 L. It. A. 187, 40 Am. St. Rep. 221;… Continue Reading GIFT
GIFT TAX
Property transferred as gift, or by inheritance or will, without any payment or monetary consideration in exchange, is typically liable to have a charge levied on it. The person / entity giving or the person / entity receiving the gift is liable to pay the charge, depending on local laws.
FOUNDED
Based upon; arising from, growing out of, or resting upon; as in theexpressions “founded in fraud,” “founded on a consideration,” “founded on contract,”and the like. See In re Grant Shoe Co., 130 Fed. SSI, G6 C. C. A. 78; State v. Morgan,40 Conn. 40; Palmer v. Preston, 45 Vt. 158, 12 Am. Rep. 191 ;… Continue Reading FOUNDED