When a paper containing an agreement between parties, a will, and the like, has been so mislaid, that after a diligent search it cannot be found, it is said to be lost. 2. When such a document has been lost, and it is required to prove its contents, the party must prove that he has made diligent search, and, in good faith, exhausted all sources of information accessible to him. … [Read more...]
LOST PROFITS
Breach of contract damages that make the non-breaching party whole by compensating the party for profits that would have been made but for the breach. … [Read more...]
LOQUELA
Lat. A colloquy; talk. In old English law, this term denoted the oral: altercations of the parties to a suit, which led to the issue, now called the "pleadings." It also designated an "imparlance," (q. v.,) both names evidently referring to the talking together of the parties. Loguela sine die, a postponement to an indefinite time. Loquendum ut vulgus; sentiendum ut docti. We … [Read more...]
LOST PROPERTY
Property that has been misplaced or carelessly left by the true owner and has not been found. … [Read more...]
LORD
In English law. A title of honor or nobility belonging properly to the degree of baron, but applied also to the whole peerage, as In the expression "the house of lords." 1 Bl. Comm. 396 400. A title of office, as lord mayor, lord commissioner, etc. In feudal law. A feudal superior or proprietor ; one of whom a fee or estate Is held. Law lords. See Law. Lord advocate. The chief … [Read more...]