1. A contractual clause which may contain a disclaimer of liability under an agreement and may limit the scope and level of liability in the event of breach. 2. Where liability may be limited, capped or one may be made immune from liability, such as the limitation of personal liability for the debts of a corporation. … [Read more...]

vessel serving the purpose of a light house, usually at a place where the latter could not well be built. … [Read more...]

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...]

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...]

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...]