A conveyance of property without any consideration of value, for the purpose of delaying or bindering creditors. These are declared void by the statutes 13 Eliz. c. 6, and 27 Eliz. c. 4, the principles of which have been adopted in perhaps all the states of the American Union. See Voluntary Conveyance. 2. But although such conveyance is void as regards purchasers and creditors, … [Read more...] about FRAUDULENT CONVEYANCE
F
FREE
(A) Not bound to servitude; at liberty to act as one pleases. This word is put in opposition to slave. 2. Representatives and direct taxes shall be apportioned among the several states, which may be included within this Union, according to their respective numbers, which shall be determined by adding to the whole number of free persons, including those bound to service for a … [Read more...] about FREE
FRAUDULENT MISREPRESENTATION
A false statement or misrepresentation made intended that the listener will rely upon it and act upon it to their detriment. … [Read more...] about FRAUDULENT MISREPRESENTATION
FREE AND CLEAR
Property which is owned free and clear of any debt or security or claim upon the property. … [Read more...] about FREE AND CLEAR
FRATERNITY
In old English law. "A corporation is an investing of the people of a place with the local government thereof, and therefore their laws shall bind strangers; hut a fraternity is some people of a place united together In respect to a mystery or business into a company, and their laws and ordinances cannot bind strangers." Cuddon v. Eastwlck, 1 Salk. 192. … [Read more...] about FRATERNITY