The Law Dictionary

PREPARATORY CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An agreement that is in anticipation of another subsequent contract that will supersede the terms of the earlier contract. In essence, the earlier contract is a commitment to a directly related to the formalization of a future agreement. With individual agreements, there may be a question as to whether such a preparatory contract is legally binding. The performance of a … [Read more...]

PUTATIVE MARRIAGE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

This marriage is described by jurists as matrimonium putativum, id est, quod bona fide et solemnitur saltem, opinions conjugis unius justa contractum inter personas vetitas jungi. Hertius, h. t. It is a marriage contracted in good faith, and in ignorance of the existence of those facts which constituted a legal impediment to the intermarriage. 2. Three circumstances must concur … [Read more...]

PUTATIVE SPOUSE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A person who believes that they are married to another person when, in fact, the marriage is not legally valid. … [Read more...]

PUTS AND CALLS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A "put" in the language of the grain or stock market is a privilege of delivering or not delivering the subject matter of the sale; and a "call" is a privilege of calling or not calling for it Pixley Boynton, 79 111. 351. … [Read more...]

PUTS AND REFUSALS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In English law. Time-bargains, or contracts for the sale of supposed stock on a future day. … [Read more...]

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