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M

MERGER

by Law Professor

(1) Business when two companies merge or join together to become one entity. (2) (A) Where a greater and lesser thing meet, and the latter loses its separate existence and sinks into the former. It is applied to estates, rights, crimes, and torts. (B) estates. When a greater estate and less coincide and meet in one and the same person, without any intermediate estate, the less … [Read more...] about MERGER

MESNALTY, OR MESNALITY

by Law Professor

A manor held under a superior lord. The estate of a mesne. … [Read more...] about MESNALTY, OR MESNALITY

MERIDIES

by Law Professor

In old English law. Noon. Fleta, lib. 5, c. 5, … [Read more...] about MERIDIES

MESNE

by Law Professor

Intermediate; intervening; the middle between two extremes, especially of rank or time. An intermediate lor,d; a lord who. stood between a tenant and the chief lord; a lord who was also a tenant "Lord, mesne, and tenant; the tenant hojdeth by four pence, and the mesne by twelve pence." Co. Litt. 23a. Mesne assignment. If A. grant a lease of land to B., andB. assign his … [Read more...] about MESNE

MERIT PAY

by Law Professor

The salary of an employee based upon the merit of the work performed by the employee, such as the level of work, the amount of experience. … [Read more...] about MERIT PAY

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