A term of the Irish Brebon law, denoting a pecuniary mulct or recompense which a murderer was judicially condemned to pay to the family or relatives of his victim. It corresponded to the Saxon "weregild." See 4 Bl. Comm. 313. … [Read more...]

A right which the mortgagee of an estate has of redeeming it, after it has been forfeited at law by the non-payment at, the time appointed of the money secured by the mortgage to be paid, by paying the amount of the debt, interest and costs. 2. An equity of redemption is a mere creature of a court of equity, founded on this principle, that as a mortgage is a pledge for securing … [Read more...]

The doctrine that was set forth as a result of Erie v. Tompkins (1938) that federal courts hearing issues other than those surrounding the U.S. Constitution should apply the state law for state related substantive claims. … [Read more...]

Of the same value. Sometimes a condition must be literally accomplished in forma specifica; but some may be fulfilled by an equivalent, per oequi polens, when such appears to be the intention of the parties; as, I promise to pay you one hundred dollars, and then die, my executor may fulfill my engagement; for it is equivalent to you whether the money be paid to you by me or by … [Read more...]

We erect. One of the words by which a corporation may be created in England by the king's charter. 1 Bl. Comm. 473. … [Read more...]