Loss suffered arising out of a casualty. Casualty losses may qualify for tax deductions. … [Read more...] about CASUALTY LOSS
C
CATASTROPHIC LOSS
Extremely serious consequences to an accident or a loss that is so severe that bankruptcy, total destruction or loss of life may occur. … [Read more...] about CATASTROPHIC LOSS
CASUPROVISO
practice. A writ of entry given by the statute of Gloucester, c. 7, when a tenant in dower aliens in fee or for life. It might have been brought by the reversioner against the alienee. This, is perhaps an obsolete remedy, having yielded to the writ of ejectment. … [Read more...] about CASUPROVISO
CATCHING BARGAIN
contracts, fraud. An agreement made with an heir expectant, for the purchase of his expectancy, at an inadequate price. 2. In such case, the heir is, in general, entitled to relief in equity, and way have the contract rescinded upon terms of redemption. It has been said that all persons dealing for a reversionary interest are subject to this rule, but it may be doubted whether … [Read more...] about CATCHING BARGAIN
CASUS
Lat. Chance; accident; an event; a case; a case contemplated. Casus belli. An occurrence giving rise to or justifying war. Casus foederis. In international law. The case of the treaty. The particular event or situation contemplated by the treaty, or stipulated for, or which comes within its terms. In commercial law. The case or event contemplated by the parties to an individual … [Read more...] about CASUS
