When a buyer takes over the mortgage of an original borrower. The original borrower may be held liable unless specifically released. … [Read more...]

1. A sanctuary, or place of refuge and protection, where criminals and debtors found shelter, and from which they could not be taken without sacrilege. State v. Bacon, 6 Neb. 291; Cromie v. Institution of Mercy, 3 Bush (Ky.) 391. 2. Shelter; refuge; protection from the hand of justice. The word includes not only place, but also shelter, security, protection; and a fugitive from … [Read more...]

(1) Negligence: An affirmative defense in a claim of negligence where the defendant argues that the plaintiff obviously knew of a significant risk of danger in advance and, as such, assumed liability for the risk. For example, a person going mountain climbing understands that there are significant risks of danger of a fall. (2) Contract: When a party purchases a right from … [Read more...]

Beyond the reach of personal influence or control. Parties are said to deal "at arm's length" when each stands upon the strict letter of his rights, and conducts the business in a formal manner, without trusting to the other's fairness or integrity, and without being subject to the other's control or overmastering influence. … [Read more...]

(A) com. law. Insurance. (B) conveyancing. This is called a common assurance. But the term assurances includes, in an enlarged sense, all instruments which dispose of property, whether they be the grants of private persons, or not; such are fines and recoveries, and private acts of the legislature. Law Dictionary - Alternative Legal Definition In conveyancing. A deed or … [Read more...]