construction. The natural sense given to words. 2. It is a rule that when words are used which will bear a natural sense and an artificial one, or one to be made out by argument and inference, the natural sense shall prevail; it. is simply a rule of construction and not of addition common intent cannot add to a sentence words which have been omitted. 2 H. Black. 530. In … [Read more...] about COMMON INTENT
C
COMMISSION
(A) contracts, civ. law. When one undertakes, without reward, to do something for another in respect to a thing bailed. This term is frequently used synonymously with mandate. Ruth. Inst. 105; Halifax, Analysis of the Civil Law, 70. If the service the party undertakes to perform for another is the custody of his goods, this particular sort of, commission is called a charge. 2. … [Read more...] about COMMISSION
COMMITMENT LETTER
A letter that states a certain rate that a borrower will receive if they are approved for a loan within a certain period of time. … [Read more...] about COMMITMENT LETTER
COMMISSION MERCHANT
One employed to sell goods for another on commission; a factor. He is sometimes called. a consignee, and the goods he receives are a consignment. … [Read more...] about COMMISSION MERCHANT
COMMITTEE
In practice. An assembly or board of persons to whom the consideration or management of any matter is committed or referred by some court. Lloyd v. Hart, 2 Pa. 473, 45 Am. Dec. 612; Farrar v. Eastman, 5 Me. 345. An Individual or body to whom others have delegated or committed a particular duty, or who have taken on themselves to perform it in the expectation of their act being … [Read more...] about COMMITTEE