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RESUMPTION

by Law Professor

To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the contract of the purchasers. … [Read more...] about RESUMPTION

RETENEMENTUM

by Law Professor

In old English law. Restraint; detainment; withholding. … [Read more...] about RETENEMENTUM

RETAIL INSTALLMENT CONTRACT

by Law Professor

A specific contract in the retail industry where a buyer of goods agrees to make installment payments for the items along with finance charges or other provisions which make the end price of the purchase more than if the purchase had been made outright at the time of sale. The installments represent the interest or cost of the extension of credit to the buyer. … [Read more...] about RETAIL INSTALLMENT CONTRACT

RESTRAINT OF TRADE

by Law Professor

Any act, including collusion amongst the competitors in the marketplace, that substantially impacts and limits the ability to conduct interstate commerce. Such restraints are illegal. … [Read more...] about RESTRAINT OF TRADE

RESTRAINT

by Law Professor

Confinement, abridgment, or limitation. Prohibition of action; holding or pressing back from action. Hindrance, confinement, or restriction of liberty. "What, then, according to a common understanding, is the meaning of the term 'restraint?' Does it imply that the limitation, restriction, or confinement must be imposed by those who are in possession of the person or thing which … [Read more...] about RESTRAINT

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