Lat. To appoint, constitute, establish, ordain, or undertake. Used principally in ancient powers of attorney, and now supplanted by the English word "constitute." … [Read more...] about CONSTITUERE
C
CONSORTIUM
(A) Business. This term defines a group of individuals or companies who decide to work together as a single individual, whether for an enterprise or a single transaction, that is not possible to be accomplished by any one member. For example, a group of individual buyers will come together to form one very large purchaser of goods in order to qualify for a bulk purchase … [Read more...] about CONSORTIUM
CONSTITUIMUS
A Latin word which signifies we constitute or appoint. Whenever the king of England is vested with the right of creating a new office, he must use proper words to do so, for example, erigimus, constituimus, c . Bac. Ab. Offices E. … [Read more...] about CONSTITUIMUS
CONSORTSHIP
In maritime law. An agreement or stipulation between the owners of different vessels that they shall keep in company, mutually aid, instead of interfering with each other, in wrecking and salvage, and share any money awarded as salvage, whether earned by one vessel or both. Andrews v. Wall, 3 How. 571, 11 L. Ed. 729. … [Read more...] about CONSORTSHIP
CONSTITUTE
contr. To empower, to authorize. In the common form of letters of attorney, these words occur, I nominate, constitute and appoint. … [Read more...] about CONSTITUTE
