Law Professor

contracts. To give a pledge or security for the performance of anything; as to wage or gage deliverance; to wage law Co. Litt. 294. This word is but little used. 2. Compensation for work that is performed at a certain rate, usually hourly. It is an amount paid to manual workers or skilled workers. … [Read more...] about WAGE

A wager is a bet a contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. 2. The law does not prohibit all wagers. 3. To restrain wagers within the bounds of justice the following conditions must be observed: 1. Each of the parties must have the … [Read more...] about WAGERS

contract. A compensation given to a hired person for his or her services. Law Dictionary - Alternative Legal Definition The compensation agreed upon by a master to be paid to a servant or any other person hired to do work or business for him. In maritime law. The compensation al-lowed to seamen for their services on board a vessel during a voyage. In political economy. The … [Read more...] about WAGES

contracts. One made when the insured has no insurable interest. 2. It has nothing in common with insurance but the name and form. It is usually in such terms as to preclude the necessity of inquiring into the interest of the insured; as, interest or no interest, or, without further proof of interest than the policy. 3. Such contracts being against the policy of the law are … [Read more...] about WAGER POLICY

Engl. law. When an action of debt is brought against a man upon a simple contract, and the defendant pleads nil debit, and concludes his plea with this formula, And this he is ready to defend against him the said A B and his suit, as the court of our lord the king here shall consider, , he is said to wage his law. He is then required to swear he owes the plaintiff nothing, and … [Read more...] about WAGER OF LAW