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...]

That part of a statute commencing with the words "Be it enacted," and continuing as far as the repealing clause; and hence, the design, contemplation, purpose, or scope of the act. … [Read more...]

A fraudulent business model where current participants are remunerated from the contributions paid by new participants and who are lured through promises of significant returns and any true product or service of value actually being delivered. See also Ponzi Scheme. … [Read more...]

In pleading. To confide to; to rely upon; to submit to. As in the phrase, "the said defendant puts himself upon the country;" that is, he trusts his case to the arbitrament of a jury. … [Read more...]

See INSANITY. … [Read more...]