practice. A term during which no execution can issue on a judgment. 2. It is either conventional, when the parties agree that no execution shall issue for a certain period; or it is granted by law, usually on condition of entering bail or security for the money. 3. An execution issued before the expiration of the stay is irregular and will be set aside; and the plaintiff in … [Read more...] about STAY OF EXECUTION
STATUTORY OBLIGATION
An obligation that arises from law or statute as opposed to a contractual obligation. … [Read more...] about STATUTORY OBLIGATION
STATUTORY DAMAGES
See damages. … [Read more...] about STATUTORY DAMAGES
STATUTORY SUBJECT MATTER
In order to qualify for a utility patent, it must be within one of the five categories set forth in 35 United States Code, Section 101: compositions of matter, manufactures, machines, processes, and new and useful improvements of the four major categories. The entire group is called statutory subject matter. … [Read more...] about STATUTORY SUBJECT MATTER
STATUTES STAPLE
English law. The statute of the staple, 27 Ed. HI. stat. 2, confined the sale of all commodities to be exported to certain towns in England, called estaple or staple, where foreigners might resort. It authorized a security for money, commonly called statute staple, to be taken by traders for the benefit of commerce; the mayor of the place is entitled to take a recognizance of a … [Read more...] about STATUTES STAPLE