In American law. A process by which the effects of a debtor are attached in the hands of a third person. A term peculiar to the practice in Vermont and Connecticut. Otherwise termed "trustee process" and "garnishment." Cross v. Brown, 19 R. I. 220, 33 Atl. 147. … [Read more...] about FACTORIZING PROCESS
F
FAIL
Not meeting a goal or an expectation. A lack of success. 1. The difference between "fail" and "refuse" is that the latter involves an act of the will, while the former may be an act of inevitable necessity. Taylor v. Mason, 9 Wheat. 344, 6 L. Ed. 101. See Stallings v. Thomas, 55 Ark. 326, 18 S. W. 184; Telegraph Co. v. Irvin, 27 Ind. App. 62, 59 N. E. 327; Persons v. Hight, 4 … [Read more...] about FAIL
FACILITIES
This name was formerly given to certain notes of some of the banks in the state of Connecticut, which were made payable in two years after the close of the war of 1812. Springfield Bank v. Merrick, 14 Mass. 322. … [Read more...] about FACILITIES
FACTORY
In English law. The term includes all buildings and premises wherein, or within the close or curtilage of which, steam, water, or any mechanical power is used to move or work any machinery employed in preparing, manufacturing, or finishing cotton, wool, hair, silk, flax, hemp, jute, or tow. So defined by the statute 7 Vict, c 15, 5 73. By later acts this definition has been … [Read more...] about FACTORY
FAILLITE
In French law. Bankruptcy; failure; the situation of a debtor who finds himself unable to fulfill his engagements. Code de Com. arts. 442, 580; Civil Code La. art 3522. … [Read more...] about FAILLITE