TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
(A) contracts. A promise made upon a good consideration, to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance. (B) The agreement to pay the debt of another or to perform the service promised by another if such person defaults. For example, the … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Even greater negligence than ordinary negligence, a failure to use even a small amount of care reasonable under the circumstances. Lata culpa, or, as the Roman lawyers most accurately call it, dolo proxima, is, in practice, considered as equivalent to dolus or fraud itself, and consists, according to the best interpreters, in the omission of that care which even inattentive and … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
A custom or tribute paid for the standing of shipping in port. Jacob. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
A state of wardship. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Gross revenue less cost of goods sold equals gross profit. … [Read more...]