contracts. A bill of exchange is defined to be an open letter of request from, and order by, one person on another, to pay a sum of money therein mentioned to a third person, on demand, or at a future time therein specified. 2. The subject will be considered with reference, 1 . to the parties to a bill; 2. the form; 3. their different kinds 4. the indorsement and transfer; 5. … [Read more...] about BILL OF EXCHANGE
B
BILATERAL RIGHTS
The rights of both parties to a contract or agreement. … [Read more...] about BILATERAL RIGHTS
BILL OF GOODS
A list of items or goods that are being sold. … [Read more...] about BILL OF GOODS
BILGED
In admiralty law and marine insurance. That state or condition of a vessel in which water is freely admitted through holes and breaches made in the planks of the bottom, occasioned by injuries, whether the ship's timbers are broken or not. Peele v. Insurance Co., 3 Mason, 27, 39, 19 Fed. Cas. 103. … [Read more...] about BILGED
BILL OF GROSS ADVENTURE
A phrase used in French maritime law; it comprehends every instrument of writing which contains a contract of bottomry, respondentia, and every species of maritime loan. We have no word of similar import. … [Read more...] about BILL OF GROSS ADVENTURE