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MINIMUM WAGE

by Law Professor

The federally established lowest hourly wage that can be paid to laborers engaged in interstate commerce. Some states also provide for a state established minimum wage for activities of intrastate commerce. … [Read more...] about MINIMUM WAGE

MINORITY SHAREHOLDER

by Law Professor

One who owns fewer shares of stock than other shareholders in a company and thus is unable to have a great deal of voting influence on the manner in which the corporation operates. … [Read more...] about MINORITY SHAREHOLDER

MISADVENTURE

by Law Professor

crim. law, torts. An accident by which an injury occurs to another. 2. When applied to homicide, misadventure is the act of a man who, in the performance of a lawful act, without any intention to do harm, and after using proper precaution to prevent danger, unfortunately kills another person. The act upon which the death ensues, must be neither malum in se, nor malum … [Read more...] about MISADVENTURE

MINING

by Law Professor

The process or business of extracting from the earth the precious or valuable metals, either in their native state or in their ores. In re Rollins Gold Min. Co. (D. C.) 102 Fed. 985. As ordinarily used, the term does not include the extraction from the earth of rock, marble, or slate, which is commonly described as "quarrying," although coal and salt are "mined;" nor does it … [Read more...] about MINING

MINT

by Law Professor

The place designated by law where bullion is coined into money under authority of the government. Also a place of privilege in Southwark, near the king's prison, where persons formerly sheltered themselves from justice under the pretext that it was an ancient palace of the crown. The privilege is now abolished. Wharton. Mint-mark. The masters and workers of the English mint, … [Read more...] about MINT

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