The original cost of something or the cost that was recording on the books. … [Read more...]
HOBBY LOSS
Losses as a result of one's hobby but not one's for-profit business activities. For tax purposes, such losses have a limited ability to be deducted. … [Read more...]
HISTORY
evidence. The recital of facts written and given out for true. 2. Facts stated in histories may be read in evidence, on the ground of their notoriety. Skin. R. 14; 1 Ventr. R. 149. But these facts must be of a public nature, and the general usages and customs of the country. Histories are not admissible in relation to matters not of a public nature, such as the custom of a … [Read more...]
HOC
Lat. This. Hoc intuitu, with this expectation. Hoc loco, in this place. Hoc nomine, In this name. Hoc titulo, under this title. Hoe voce, under this word. … [Read more...]
HIT AND RUN
Law requires that an operator of a motor vehicle who is involved in an automobile accident stay at the scene of the accident in order to exchange information with the other operator and wait for the police for a report should the situation likely warrant the presence of the police (e.g. after a minor accident the parties may exchange information and agree that police … [Read more...]