Another term for clear title; free of encumbrances. … [Read more...] about MARKETABLE TITLE
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MARITIME INTEREST
By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. There is no limit by law as to the amount which may be charged for maritime interest. It is fixed generally by the agreement of the parties. 2. The French writers employ a variety of … [Read more...] about MARITIME INTEREST
MARKETING DEFECT
The failure to adequately warn or provide information with regard to the proper and safe use, inherent dangers that may exist and any important risks associated with use of the product. … [Read more...] about MARKETING DEFECT
MARITIME LAW
That system of law which relates to the affairs of the sea, such as seamen, ships, shipping, navigation, and the like. … [Read more...] about MARITIME LAW
MARKSMAN
In practice and conveyancing. One who makes his mark; a person who cannot write, and only makes his mark In executing instruments. Arch. N. Pr. 13; 2 Chit. 92. … [Read more...] about MARKSMAN