A concurring choice. Sometimes applied to the act of the members of a corporation, in choosing a person to supply a vacancy. in their body. … [Read more...]
COO
Chief Operating Officer … [Read more...]
CO-ORDINATE
Of the same order, rank, degree, or authority; concurrent; without any distinction of superiority and inferiority; as, courts of "coordinate jurisdiction." See JURISDICTION. coordinate and subordinate are terms often applied as a test to ascertain the doubtful meaning of clauses in an act of parliament If there be two, one of which is grammatically governed by the other, it is … [Read more...]
CO-OBLIGOR
contracts. One who is bound together with one or more others to fulfill an obligation. He may be jointly, or severally bound. 2. When obligors are jointly and not severally bound to pay a joint debt, they must be sued jointly during their joint lives, and after the death of some of them, the survivors alone can be sued; each is bound to pay the whole debt, having recourse to … [Read more...]
CO-OWNERSHIP
A legal term which refers to the ownership of property, personal or real, by more than one person. … [Read more...]