P

An estate which is carved out of a larger and which precedes a remainder; as, an estate for years to A, remainder to B for life; or, an estate, for life to A, remainder to' B in tail: this precedent estate is called the particular estate. … [Read more...] about PARTICULAR ESTATE

A formal agreement, which may be express or implied, between the parties of a partnership to endeavor to engage in business and how it is to be conducted, such as profit and loss sharing, capital contributions and more. … [Read more...] about PARTNERSHIP AGREEMENT

In French. Precedence; right of going foremost. … [Read more...] about PAS

contracts. A right which a person has to retain property in respect of money or labor expended on such particular property. For example, when a tailor has made garments out of cloth delivered to him for the purpose, he is not bound to part with the clothes until his employer, has paid him for his services; nor a ship carpenter with a ship which he has repaired; nor can an … [Read more...] about PARTICULAR LIEN

Persons who hold real or personal property by the same title, either as tenants in common, joint tenants, or coparceners. They are sometimes called guasi partners and differ from partners in this, that they are either joint owners, or tenants in common, each having an independent, although an undivided interest in the property; neither can transfer or dispose of the whole … [Read more...] about PARTOWNERS