A law that automatically creates a lien. … [Read more...] about STATUTORY LIEN
STATUTORY OBLIGATION
An obligation that arises from law or statute as opposed to a contractual obligation. … [Read more...] about STATUTORY OBLIGATION
STATUTUM
Latin: In the civil law. Established; determined. A term applied to judicial action. Dig. 50, 16, 46, pr. In old English law. A statute; an act of parliament Statutum do mercatoribus. The statute of Acton Burnell. (q. t?.)-Statutum Hibernis de cohaeredibus. The statute 14 Hen. III. The third public act in the statute-book, It has been pronounced not to be a statute. In the form … [Read more...] about STATUTUM
STAY OF EXECUTION
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
STAY OF ACTION
The delay or postponement of a case until the conclusion of a pending issue. … [Read more...] about STAY OF ACTION