The Law Dictionary

FROZEN ASSET

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An asset which cannot be bought or sold. … [Read more...]

FRUSTRATION OF CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

When an unforeseen event makes the purpose of the contract unable to be completed or fulfilled, such as the destruction of items, a law which renders the actions contemplated under the agreement illegal. Under certain circumstances it will automatically terminate a contract, such as where (i) the contract objectives cannot be achieved or performance has been rendered impossible … [Read more...]

FRUCTUARIUS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Lat. In the civil law. One who had the usufruct of a thing; i. e, the use of the fruits, profits, or increase, as of land or animals. Inst 2, 1, 36, 38. Bracton applies it to a lessee, fermor, or farmer of land, or one who held lands ad firmam, for a farm or term. Bract fol. 261. … [Read more...]

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