remedies. A bar to the alleged right of a plaintiff to recover in an action, caused by the lapse of a certain time appointed by law; or it is the end of the time appointed by law, during which a party may sue for and recover a right. It is a maxim of the common law, that a right never dies and, as far as contracts were concerned, there was no time of limitation to actions on … [Read more...]
LIGIUS
A person bound to another by a solemn tie or engagement. Now used to express the relation of a subject to his sovereign. Ligna et lapides sub "armorum" appellations non continentnr. Sticks and stones are not contained under the name of "arms." Bract, fol. 1446. … [Read more...]
LIMITED
Restricted; bounded; prescribed. Confined within positive bounds; restricted in duration, extent, or scope. -Limited administration. An administration of a temporary character, granted for a particular period, or for a special or particular purpose. Holthouse. Limited owner. A tenant for life, in tail, or by the curtesy, or other person not having a fee simple in his absolute … [Read more...]
LIGNAGIUM
A right of cutting fuel in woods; also a tribute or payment due for the same. Jacob. … [Read more...]
LIMITED GUARANTEE
A guarantee that is narrow and limited in nature only to the explicit terms set forth in the guarantee. … [Read more...]