An agreement, made upon a sufficient consideration, between an Insolvent or embarrassed debtor and his creditors, whereby the latter, for the sake of immediate payment, agree to accept a dividend less than the whole amount of their claims, to be distributed pro rata, In discharge and satisfaction of the whole. Bank v. McGeoch, 92 Wis. 286, 66 N. W. 606; Crossley v. Moore, 40 N. … [Read more...] about COMPOSITION
C
COMPETITOR
A rival. An opposing party. … [Read more...] about COMPETITOR
COMPETITORS
French law. Persons who compete or aspire to the same office, rank or employment. As an English word in common use, it has a much wider application. … [Read more...] about COMPETITORS
COMPENSATIO CRIMINIS
The compensation or set-off of one crime against another; for example, in questions of divorce, where one party claims the divorce on the ground of adultery of his or her companion, the latter may show that the complainant has been guilty of the same offence, and having himself violated the contract, he cannot complain of its violation on the other side. This principle is … [Read more...] about COMPENSATIO CRIMINIS
COMPILATION
A literary production, composed of the works of others, and arranged in some methodical manner. 2. When a compilation requires in its execution taste, learning, discrimination and intellectual labor, it is an object of copyright. … [Read more...] about COMPILATION