An organization whose efforts are made in order to obtain a profit, as opposed to a non-profit organization whose purpose is geared towards the public rather than private benefits. … [Read more...]

1. A leaf. In the ancient lawbooks it was the custom to number the leaves, Instead of the pages; hence a folio would include both sides of the leaf, or two pages. The references to these books are made by the number of the folio, the letters " … [Read more...]

A term that denotes the sale of a home by the owner without the use of a real estate broker. It is usually done to save commission expenses the owner would pay the broker but the owner must invest its time in marketing the property and also learning the local real estate laws. … [Read more...]

Eng. law. Land formerly held at the pleasure of the lord, and resumed at his discretion. It was held in villenage. 2 Bl. Com. 90. … [Read more...]

pleading. It is a maxim in law, regulating alike every form of action, that the plaintiff shall state his complaint in positive and direct terms, and not by way of recital. For that, is a positive allegation; For that whereas, in Latin quod cum, is a recital. Hamm. N. P. 9. … [Read more...]