Reciprocal. 2. In contracts there must always be a consideration in order to make them valid. This is sometimes mutual, as when one man promises to pay a sum of money to another in consideration that he shall deliver him a horse, and the latter promises to deliver him the horse in consideration of being paid the price agreed upon. When a man and a woman promise to marry each … [Read more...] about MUTUAL
M
MYSTIC
In a secret manner; concealed; as mystic testament, for a secret testament. … [Read more...] about MYSTIC
MUTUAL ASSENT
The meeting of the minds of both or ail the parties to a contract; the fact that each agrees to all the terms and conditions in the same sense and with the same meaning as the others. … [Read more...] about MUTUAL ASSENT
MYSTIC TESTAMENT
In the law of Louisiana, a closed or sealed will, required by statute to be executed in a particular manner and to be signed (on the outside of the paper or of the envelope containing it) by a notary and seven witnesses as well as the testator. See Civ. Code La. art 1584. … [Read more...] about MYSTIC TESTAMENT
MUTUAL FUND
A fund which consists of the pooled contributions of investors into a fund which is invested. … [Read more...] about MUTUAL FUND