In old English law. Pound-breach; the offense of breaking a pound. The illegal taking of cattle out of a pound by any means whatsoever. Cowell. … [Read more...]
PURCHASER
contracts. A buyer, a vendee. 2. It is a general rule that all persons, capable of entering into contracts, may become purchasers both of real and personal property. 3. But to this rule there are several exceptions. 1. There is a class of persons who are incapable of purchasing except sub modo; and, 2. Another class, who, in consequence of their peculiar relation with regard to … [Read more...]
PUNDIT
An interpreter of the Hindn law; a learned Brahmin. … [Read more...]
PURCHASER FOR VALUE
A party that purchases an item and gives valuable consideration to the seller in exchange for the item. … [Read more...]
PUBLIC UTILITY
An organization or company that provides utility services to the general public such as gas, electric and water. Public utilities have limited monopoly rights given the impracticability of having competitive companies providing such services in a geographic area. … [Read more...]