comm. law. A letter containing information of any circumstances unknown to the person to whom it is written; generally informing him of some act done by the writer of the letter. 2. It is usual and perfectly proper for the drawer of a bill of exchange to write a letter of advice to the drawee, as well to prevent fraud or alteration of the bill, as to let the drawee know what … [Read more...]
LESSER INCLUDED OFFENSE
When charged with two crimes, this refers to the offense of less severity that is included with another that is more severe. They are related and the violation of one means, by definition, the violation of the lesser included offense. … [Read more...]
LETTER OF AGREEMENT
Usually nonbinding, a letter which contains all the essential points of agreement between two or more entities, usually signed and with a clause that the LOA is nonbinding and will be formalized in a structured agreement. Similar to a formalized term sheet, the LOA is a point of agreement and sign of good faith attempts to move forward on a business agreement. … [Read more...]
LESSOR
He who grants a lease. Lessor of the plaintiff. In the action of ejectment, this was the party who really and in effect prosecuted the action and was interested in its result. The reason of his having been so called arose from the circumstance of the action having been carried on in the name of a nominal plaintiff, (John Doe,) to whom the real plaintiff had granted a fictitious … [Read more...]
LETTER OF ATTORNEY
practice. A written instrument under seal, by which one or more persons, called the constituents, authorize one or more other persons called the attorneys, to do some lawful act by the latter, for or instead, and in the place of the former. 1 Moody, Cr. Cas. 52, 70. 2. The authority given in the letter of attorney is either general, as to transact all the business of the … [Read more...]