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A form of summary proceeding formerly in use in the high court of admiralty, in England, in which the parties stated their respective cases briefly, and supported their statements by affidavit. 2 Dod. Adm. 174, 184; 1 Hagg. Adm. 1, note. … [Read more...] about ACT ON PETITION

Another term for retained earnings or earnings that have been made by a company and not distributed to shareholders. … [Read more...] about ACCUMULATED EARNINGS

In old English law. A measure of corn, conjectured to have been the same with our quarter, or eight bushels. Cowell. … [Read more...] about ACHERSET

In French law. Certain goods pay higher export duties when exported to a foreign country than when they are destined for another French port. In order to prevent fraud, the administration compels the shipper of goods sent from one French port to another to give security that such goods shall not be sent to a foreign country. The certificate which proves the receipt of the … [Read more...] about ACQUIT A CAUTION

Lat. In the Roman law. Daily acts; the public registers or journals of the daily proceedings of the senate, assemblies of the people, courts of justice, etc. Supposed to have resembled a modern newspaper. Brande. creta. 8 Coke, 146&. External acts indicate undisclosed thoughts. Acta in uno judicio non probant in alio nisi inter easdem personas. Things done in one action … [Read more...] about ACTA DIURNA