contracts. A term used in the civil law. There are two kinds, first, the location operis faciendi, strictly so called, or the hire of labor and services; such as the hire of tailors to make clothes, and of jewelers to set gems, and of watchmakers to repair watches. Jones' Bailm. 90, 96, 97. Secondly, Locatio custodiae, or the receiving of goods on deposit for a reward, which is … [Read more...]
LOCUPLES
Latin: In the civil law. Able to respond in an action; good for the amount which the plaintiff might recover. Dig. 60, 16, 234, L … [Read more...]
LOADMANAGE
maritime law, contracts. The pay to loadsmen; that is, persons who sail or row before ships, in barks or small vessels, with instruments for towing the ship, and directing her course, in order that she may escape the dangers in her way. … [Read more...]
LOCAL ACTION
practice, pleadings. An action is local when the venue must be laid in the county where the cause of action arose. … [Read more...]
LIVING TRUST
Also known as an inter vivos trust which is designed to pass directly to trust beneficiaries upon the death of the person making the trust without involving the probate court. A successor trustee is a person appointed to handle the trust upon death functions to transfer the property ownership to the beneficiaries. … [Read more...]