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ACEPHALI

by Law Professor

The levelers in the reign of Hen. I., who acknowledged no head or superior. Leges II. 1; Cowell. Also certain ancient heretics, who appeared about the beginning of the sixth century, and asserted that there was but one substance in Christ, and one nature. Wharton; Gibbon, Rom. Emp. ch. 47. … [Read more...] about ACEPHALI

ACQUISITION COST

by Law Professor

The cost involved in the acquisition of something. For example, if research fees were required as part of the acquisition of an asset, the fees in addition to the purchase price would be the acquisition cost of the asset. … [Read more...] about ACQUISITION COST

ACT OF MAN

by Law Professor

Every man of sound mind and discretion is bound by his own acts, and the law does not permit him to do any thing against it; and all acts are construed most strongly against him who does them. Plowd. 140. 2. A man is not only bound by his own acts, but by those of others who act or are presumed to act by his authority, and is responsible civilly in all such cases; and, in some … [Read more...] about ACT OF MAN

ACCUMULATED DEPRECIATION

by Law Professor

The sum total of the amount that an asset has been depreciated (devalued) as of a certain date, see accrued depreciation. For example, an asset that is using a straight line method of depreciation that depreciates $100 per year has a $200 accumulated depreciation at the end of year 2. … [Read more...] about ACCUMULATED DEPRECIATION

ACEQUIA

by Law Professor

In Mexican law. A ditch, channel, or canal, through which water, diverted from its natural course, is conducted, for use in irrigation or other purposes. … [Read more...] about ACEQUIA

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