In Scotland, this name is given to a debt actually due, in contradistinction to one which is to become due at a future day certain, which is called a future debt: and one due provisionally, in a certain event, which is called a contingent debt. … [Read more...]
PUNITIVE
Relating to punishment; having the character of punishment or penalty ; inflicting punishment or a penalty. Punitive damages. See DAMAGES. Punitive power. The power and authority of a state, or organized jural society, to inflict punishments upon those persons who have committed actions inherently evil and injurious to the public, or actions declared by the laws of that state … [Read more...]
PURE OR SIMPLE OBLIGATION
One which is not suspended by any condition, whether it has been contracted without any condition, or when thus contracted, the condition has been performed. Poth. Obl. n. 176. … [Read more...]
PUNITIVE DAMAGES
Also known as special damages which are awarded by a court against a defendant where the defendant's action or inaction is particularly malicious or heinous and usually intentional. … [Read more...]
PUBLICI JURIS
Latin: Of public right This term, as applied to a thing or right, means that it is open to or exercisable by all persons. When a thing is common property, so that any one can make use of it who likes, it is said to be "publici juris;" as in the case of light air, and public water. Sweet Or it designates things which are owned by "the public;" that is, the entire state or … [Read more...]