A party to a contract. When written, one of the listed parties under the contract. A party is held liable to perform under a contract and must be competent to accept an offer. … [Read more...]

Also known as Verba Fortius Accipiuntur Contra Proferentem which is Latin for a contract is to be interpreted against the drafter. This typically refers to vague terms of questionable interpretation which should be interpreted against the drafter of the words and terms since the drafter was in the best position to make them clear. … [Read more...]

Abbreviation; abridgment or shortening of a word by omitting a letter or letters or a syllable, with a mark over the place where the elision occurs. This was customary in records written in the ancient "court hand," and is frequently found in' the books printed in black-letter. … [Read more...]

Those which are continued at different times, or which endure from one time to another. If a person goes upon successive day's and tramples the grass of the plaintiff, he commits continuing damages; or if one commit a trespass to the possession, and it is in fact injurious to him who has the reversion or remainder, this will be continuing damages. In this last case the person … [Read more...]

An item that has been banned and which is unlawful to manufacture, distribute or even to possess. Against law or treaty; prohibited. Goods exported from or imported into a country against its laws. … [Read more...]