The qualification for someone to be able to do something legally, e.g. such as to engage into an enforceable contract. Also refers to the capacity that one has to sue, e.g. the legal capacity to sue. … [Read more...]

A book where journal entries are made documenting transactions or receipts and disbursements of money or property. A book of accounts in which a trader enters the names of all persons with whom he has dealings; there being two parallel columns in each account, one for the entries to the debit of the person charged, the other for his credits. Into this book are posted the items … [Read more...]

See proximate cause -- cause for which the law provides one the ability to sue. … [Read more...]

In old English law. A lathe reeve, or chief officer of a lathe. Spel man. … [Read more...]

Consideration deemed legally acceptable and sufficient to create a binding contract. … [Read more...]