Fr. Return without protest. A request or direction by a drawer of a bill of exchange that, should the bill be dishonored by the drawee, it may be returned without protest. … [Read more...]
RETRACT
To withdraw a proposition or offer before it has been accepted. 2. This the party making it has a right to do is long as it has not been accepted; for no principle of law or equity can, under these circumstances, require him to persevere in it. 3. The retraction may be express, as when notice is given that the offer is withdrawn; or, tacit as by the death of the offering party, … [Read more...]
RETENTION
Scottish law. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it; a lien. 2. The right of retention is of two kinds, namely, special or general. 1. Special retention is the right of withholding or retaining property of goods which are in one's possession under a contract, … [Read more...]
RETRACTATION,
in probate practice, is a withdrawal of a renunciation, (q. v.) … [Read more...]
RETENTION OF TITLE
Where a seller will retain title and which will only be transferred upon the completion of payment to the seller. … [Read more...]