The hypothecation of the cargo or goods on board a ship as security for the repayment of a loan, the tenn "bottomry" being confined to hypothecations of the ship herself; but now the term "respondentia" ia seldom used, and the express slon "bottomry" is generally employed, whether the vessel or her cargo or both be the security. Maude & P. Shipp. 433; Smith, Merc. Law, 416. … [Read more...]

Legal treatises that are well recognized analyses on the law and are given great weight and respect in legal argument. … [Read more...]

Latin: In pleading. The prayer of a plea where the defendant insists that he ought not to answer, as when he claims a privilege; for example, as being a member of congress or a foreign ambassador. 1 Chit. PI. 433. … [Read more...]

The remedy or recourse which marine underwriters have against each other, according to the date of their assurances, or against the master, If the loss arise through his default, as through ill loading, want of caulking, or want of having the vessel tight; also the remedy or recourse a person has against his guarantor or other person who is to indemnify him from any damage … [Read more...]

civil law. Opinions given by Roman lawyers. Before the time of Augustus, every lawyer was authorized de jure, to answer questions put to him, and all such answers, response prudentum had equal authority, which had not the force of law, but the opinion of a lawyer. Augustus was the first prince who gave to certain distinguished jurisconsults the particular privilege of answering … [Read more...]