A type of market option contract where the owner of a commodity has an option (but not the obligation) to sell at a specified time and price. … [Read more...] about PUT OPTION
P
PUT OUT
To open. To put out lights; to open or cut windows. 11 East 372. Putagium. haereditatem nom adimlt. 1 Reeve, Eng. Law, c 3, p. 117. Incontinence does not take away an inheritance. … [Read more...] about PUT OUT
PUTATIVE
Reputed; supposed; commonly esteemed. Applied in Scotch law to creditors and proprietors. 2 Karnes, EQ. 105, 107, 109. Putative father. The alleged or reputed father of an illegitimate child. State v. Nest-aval, 72 Minn. 415, 75 X. W. 725. Putative marriage. A marriage contracted in good faith and in ignorance (on one or both sides) that impediments exist which render it … [Read more...] about PUTATIVE
PUTATIVE FATHER
The reputed father. 2. This term is most usually applied to the father of a bastard child. 3. The putative father is bound to support his children, and is entitled to the guardianship and care of them in preference to all persons but the mother. … [Read more...] about PUTATIVE FATHER
PUTATIVE MARRIAGE
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...] about PUTATIVE MARRIAGE