evidence. A state of existence after this life. 2. A witness who does not believe in any future state of existence was formerly inadmissible as a witness. The true test of a witnesses competency, on the ground of his religious principles, is, whether he believes in the existence of a God, who will punish him if he swears falsely; and within this rule are comprehended those who … [Read more...] about FUTURE STATE
F
FUTURES
This term has grown out of those purely speculative transactions, in which there is a rominal contract of sale for future delivery, but where in fact none is ever intended or executed. The nominal seller does not have or expect to have the stock or merchandise he purports to sell, nor does the nominal buyer expect to receive it or to pay the price. Instead of that, a percentage … [Read more...] about FUTURES
FUNGIBLE PRODUCTS
Similar, homogeous undifferentiated products. … [Read more...] about FUNGIBLE PRODUCTS
FURST AND FONDUNG
In old English law. Time to advise or take counsel, Jacob. … [Read more...] about FURST AND FONDUNG
FUNGIBLE THINGS
Movable goods which may be estimated and replaced according to weight, measure, and number. Things belonging to a class, which do not have to be dealt with in specie. Those things one specimen of which is as good as another, as is the case with half-crowns, or pounds of rice of the same quality. Horses, slaves, and so forth, are non-fungible things, because they differ … [Read more...] about FUNGIBLE THINGS