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In Spanish law. Compensation; set-off. The extinction of a defyt by another debt of equal dignity. … [Read more...] about COMPENSACION

civil law. One in which each of the contracting parties gives and, receives an equivalent. The contract of sale is of this kind. The seller gives the thing sold, and receives the price, which is the equivalent. The buyer gives the price and receives the thing sold, which is the equivalent. … [Read more...] about COMMUTATIVE CONTRACT

Proceeding by the method of comparison; founded on comparison; estimated by comparison. Comparative interpretation. That method of interpretation which seeks to arrive at the meaning of a statute or other writing by comparing its several parts and also by comparing it as a .whole with other like documents proceeding from the same source and referring to the same general subject … [Read more...] about COMPARATIVE

Lat. In the civil law. Compensation, or set-off. A proceeding resembling a set-off in the common law, being a claim on the part of the defendant to have an amount due to him from the plaintiff deducted from his demand. Dig. 16, 2; Inst 4, 6, 30, 39 ; 3 Bl. Comm. 305. Compensatio eriminis. (Set-off of crime or guilt.) In practice. The plea of recrimination in a suit for a … [Read more...] about COMPENSATIO

That virtue whose object is, to render to every one what belongs to him, as nearly as may be, or that which governs contracts. 2. The word commutative is derived from commutare, which signifies to exchange. … [Read more...] about COMMUTATIVE JUSTICE