See "prescription" - the effect of how the passage of time may create or destroy rights. The law of prescription is commonly understood as a statute of limitations. A popular example of prescription in the United States is adverse possession" where there is a presumption of abandonment of land after an extended period of time passes without being inhabited or openly claimed. … [Read more...] about LAW OF PRESCRIPTION
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LYING IN FRANCHISE
A term descriptive of waifs, wrecks, estrays, and the like, which may be seized without suit or action. … [Read more...] about LYING IN FRANCHISE
LYING IN GRANT
A phrase applied to incorporeal rights, incapable of manual tradition, and which must pass by mere delivery of a deed. … [Read more...] about LYING IN GRANT
LUMPING SALE
As applied to judicial sales, this term means a sale in mass, as where several distinct parcels of real estate, or several articles of personal property, are sold together for a "lump" or single gross sum. Anniston Pipeworks v. Williams, 100 Ala. 324,18 South. Ill, 54 Am. St Rep. 51. … [Read more...] about LUMPING SALE
LYING IN WAIT
Lying in ambush; lying hid or concealed for the purpose of making a sudden and unexpected attack upon a person when he shall arrive at the scene. In some jurisdictions, where there are several degrees of murder, lying in wait is made evidence of that deliberation and premeditated intent which is necessary to characterize murder in the first degree. This term is not synonymous … [Read more...] about LYING IN WAIT