O. Eng. Expended. Before the Britons and Saxons had introduced the general use of money, they traded chiefly by exchange of wares. Wharton. … [Read more...] about BEWARED
B
BIDDER
contracts. One who makes an offer to pay a certain price for an article which is for sale. 2. The term is applied more particularly to a person who offers a price for goods or other property, while up for sale at an auction. The bidder is required to act in good faith, and any combination between him and others, to prevent a fair competition, would avoid the sale made to … [Read more...] about BIDDER
BEST EVIDENCE
Primary evidence, as distinguished from secondary; original, as distinguished from substitutionary; the best and highest evidence of which the nature of the case is susceptible. A written instrument is itself always regarded as the primary or best possible evidence of its existence and contents; a copy, or the recollection of a witness, would be secondary evidence. Law … [Read more...] about BEST EVIDENCE
BEYOND A REASONABLE DOUBT
In a trial of a defendant criminal court, this is the burden of proof which the prosecution must meet in order to obtain a guilty verdict. This is the highest level of proof required. The concept of reasonable doubt is often referred to as that being a moral certainty. In order to obtain a conviction, the jury must believe that this level of proof has been met with regard to … [Read more...] about BEYOND A REASONABLE DOUBT
BIDDING PERIOD
The days during which a bid can be placed, such as the time prior to the end of an auction or project proposals are accepted. … [Read more...] about BIDDING PERIOD
