The Law Dictionary

Law Dictionary

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ACT OF GRACE

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Scotch law. The name by which the statute which provides for the aliment of prisoners confined for civil debts, is usually known. 2. This statute provides that where a prisoner for debt declares upon oath, before the magistrate of the jurisdiction, that he has not wherewith to maintain himself, the magistrate may set him it liberty, if the creditor, in consequence of whose … [Read more...] about ACT OF GRACE

ACCRUING

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Inchoate; in process of maturing. That which will or may, at a future time, ripen into a vested right, an available demand, or an existing cause of action. Cochran v. Taylor, 13 Ohio St. 382. Accruing costs. Costs and expenses incurred after judgment Accruing interest. Running or accumulating interest, as distinguished from accrued or matured interest; interest daily … [Read more...] about ACCRUING

ACQUISITION

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The act of becoming the owner of certain property; the act by which one acquires or procures the property in anything. Used also of the thing acquired. Original acquisition is where the title to the thing accrues through occupancy or accession, (q. v.,) or by the creative labor of the individual, as in the case of patents and copyrights. Derivative acquisition is where property … [Read more...] about ACQUISITION

ACT OF LAW

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An event which occurs in consequence of some principle of law. If, for example, land out of which a rent charge has been granted, be recovered by an elder title, and thereby the rent charge becomes avoided; yet the grantee, shall have a writ of annuity, because the rent charge is made void by due course or act of law, it, being a actus legis nemini est damnosus. … [Read more...] about ACT OF LAW