In French law. The delivery of a benefice to one who cannot hold the legal title, to keep and manage it for a time limited and render an account of the proceeds. Guyot Rep. Univ. In mercantile law. An association in which the management of the property was intrusted to individuals. Troub. Lim. Partn. c 3, … [Read more...] about COMMENDA
C
COMMERCIAL FRUSTRATION
Frustration meaning an event that is not foreseen or controllable which prevents (and excuses) a party to a contract from being able performing the party's obligations or duties under the contract. For example, a lease can be terminated by a landlord if the rented premises burns down prior to entry and occupation by new tenants. … [Read more...] about COMMERCIAL FRUSTRATION
COMMENDAM
In eccloaiastical, law. The appointment of a suitable clerk to hold a void or vacant benefice or church living until a regular pastor be appointed. Hob. 144; Latch, 236. In commercial law. The limited partnership (or Society en commandite') of the French law has been introduced into the Code of Louisiana under the title of "Partnership in Commendam," Civil Code La. art 2810. … [Read more...] about COMMENDAM
COMMERCIAL LAW
Law pertaining to the acts of businesses engaged in commerce, which includes the rights and conduct of and between the parties. Most states have adopted the UCC (Uniform Commercial Code) to cover commercial law. … [Read more...] about COMMERCIAL LAW
COMMENDATARY
A person who holds a church living or presentment in commendam. … [Read more...] about COMMENDATARY