A requirement of a contract that is essential or of vital performance. For example, time is of the essence means that the other party is aware that performance must be made as soon as possible and that it is a fundamental reason why the other party is entering the contract. Small delays may be considered a breach of contract under such terms. … [Read more...] about OF THE ESSENCE
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OCHIERN
In old Scotch law. A name of dignity; a freeholder. Skene de Verb. Sign. … [Read more...] about OCHIERN
OFF CALENDAR
A court order to remove a lawsuit and/or related proceedings from the court's calendar, e.g. as a result of a party's failure to appear. … [Read more...] about OFF CALENDAR
OBTEST
To protest … [Read more...] about OBTEST
OCCUPATION
1. Possession; control; tenure; use. In its usual sense "occupation" is where a person exercises physical control over land. Thus, the lessee of a house is in occupation of it so long as he has the power of entering into and staying there at pleasure, and of excluding all other persons (or all except one or more specified persons) from the use of it. Occupation is therefore the … [Read more...] about OCCUPATION