A term descriptive of waifs, wrecks, estrays, and the like, which may be seized without suit or action. … [Read more...]
LYING IN GRANT
A phrase applied to incorporeal rights, incapable of manual tradition, and which must pass by mere delivery of a deed. … [Read more...]
LUMPING SALE
As applied to judicial sales, this term means a sale in mass, as where several distinct parcels of real estate, or several articles of personal property, are sold together for a "lump" or single gross sum. Anniston Pipeworks v. Williams, 100 Ala. 324,18 South. Ill, 54 Am. St Rep. 51. … [Read more...]
LYING IN WAIT
Lying in ambush; lying hid or concealed for the purpose of making a sudden and unexpected attack upon a person when he shall arrive at the scene. In some jurisdictions, where there are several degrees of murder, lying in wait is made evidence of that deliberation and premeditated intent which is necessary to characterize murder in the first degree. This term is not synonymous … [Read more...]
LUCRATIVE
Yielding gain or profit; profitable; bearing or yielding a revenue or salary. Lucrative bailment. See Bailment. Lucrative office. One which yields a revenue (in the form of fees or otherwise) or a fixed salary to the incumbent; according to some authorities, one which yields a compensation supposed to be adequate to the services rendered and in excess of the expenses incidental … [Read more...]