L

Usually refers to a lessor (person or entity leasing property) who has the right to purchase the leased property at a certain price after a period of time of leasing the property. Lease option with right to buy. … [Read more...] about LEASE OPTION

Legal; warranted or authorized by the law; having the qualifications prescribed by law; not contrary to nor forbidden by the law. The principal distinction between the terms "lawful" and "legal" is that the former contemplates the substance of law, the latter the form of law. To say of an act that it is "lawful" implies that it is authorized, sanctioned, or at any rate not … [Read more...] about LAWFUL

L. Fr. Law. … [Read more...] about LAYE

The release of a debtor in bankruptcy from his or her debts after doing everything reasonably possible to pay creditors. … [Read more...] about LAWFUL DISCHARGE

pleading. In personal and mixed actions, (but not in penal actions, for obvious reason,) the declaration must allege, in conclusion, that the injury is to the damage of the plaintiff; and must specify the amount of damages. 2. In personal actions there is a distinction between actions that sound in damages, and those that do not; but in either of these cases, it is equally the … [Read more...] about LAYING DAMAGES