A legal contract in which a company providing the insurance will pay an amount of money to the designated beneficiary upon the death of the policy holder in exchange for scheduled periodic fees (usually monthly) known as insurance premiums. The purpose of life insurance is to support the survivors of the policy holder, such as a spouse and children, especially in the event of … [Read more...]
LIGA
In old European law. A league or confederation. Spelman. … [Read more...]
LICET
Latin: From the verb "licere," Although; notwithstanding. Importing, in this sense, a direct affirmation. Also, it is allowed, it is permissible. Licet ssepius requisitus. (Although often requested.) In pleading. A phrase used in the old Latin forms of declarations, and literally translated in the modern precedents. Yel. 66; 2 Chit. PI. 90; 1 Chit. PL 331. The clause in a … [Read more...]
LIEGEMAN
He that oweth allegiance. Cowell. … [Read more...]
LICET SAEPIUS REQUISITUS
pleading. practice. Although often requested. It is usually alleged in the declaration that the defendant, licet saepius requisitus, he did not perform the contract, the violation of which is the foundation of the action. The allegation is generally sufficient when a request is not parcel of the contract. Indeed, in such cases it is unnecessary even to lay a general request, … [Read more...]