A contract that provides for a warranty period of coverage to apply after the expiration of the warranty provided by the manufacturer or dealer. In most instances, the extended warranties are usually not beneficial to purchasers since the goods will usually break down early in the usage period or not at all. Consumers should take great care to investigate extended warranties … [Read more...]

The term or use of language employed to explain a thing. 2. It is a general rule, that expressions shall be construed, when they are capable of several significations, so as to give operation to the agreement, act, or will, if it can be done; and an expression is always to be understood in the sense most agreeable to the nature of the contract. Vide Clause; Construction; … [Read more...]

Lat. You cause to be extended. In English practice. The name of a writ of execution, (derived from its two emphatic words;) more commonly called an "extent." 2 Tidd, Pr. 1043; 4 Steph, Comm. 43. … [Read more...]

In the civil law. The species of novation by which a creditor accepts a new debtor, who becomes bound instead of the old, the latter being released. 1 Bouv. Inst. no. 802. … [Read more...]

comm. law. This term is applied among merchants to signify an agreement made between a debtor and his creditors, by which the latter, in order to enable the former, embarrassed in his circumstances, to retrieve his standing, agree to wait for a definite length of time after their several claims should become due and payable, before they will demand payment. 2. Among the French, … [Read more...]