The Law Dictionary

FREE MARKET

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

A marketplace where prices are determined by generally limited or unrestrained competition between privately buyers and sellers. … [Read more...]

FRAUD

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

An intentional misrepresentation to deceive another into surrendering money or other items of value. Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive another of his right, or in some manner to do him an injury. As distinguished from negligence, it is always positive, intentional. Maher v. Hibernia Ins. Co., 67 N. Y. 292; Alexander … [Read more...]

FREE ON BOARD

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

A sale of goods "free on board" imports that they are to be. delivered on board the cars, vessels, etc., without expense to the buyer for packing, cartage, or other such charges. In a contract for sale and delivery of goods "free on board" vessel, the seller is under no obligation to act until the buyer names the ship to which the delivery is to be made. Dwight v. Eckert, 117 … [Read more...]

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