In English law. The eldest daughter of the sovereign. 3 Steph. Comm. 450. … [Read more...]
PRIORI PETENTI
To the person first applying. In probate practice, where there are several persons equally entitled to a grant of administration, (e.g., next of kin of the same degree,) the rule of the court is to make the grant priori pctenti, to the first applicant Browne, Prob. Pr. 174; Coote, Prob. Pr. 173, 180. … [Read more...]
PRINCIPAL
This word has several meanings: (A) Criminal Law. Refers to the primary perpetrator of a crime. (B) Legal Documents. A person who appoints their own agent in a document, for example, the person creating a power of attorney document and appoints an attorney-in-fact or agent to manage affairs and take action on behalf of the principal. (C) Commercial Law. The total amount of a … [Read more...]
PRIORITIZATION
The ranking of different items in order of importance. … [Read more...]
PRINCIPAL CONTRACT
One entered into by both parties, on their own accounts, or in the several qualities they assume. It differs from an accessory contract. Vide Contract. … [Read more...]