Any act, including collusion amongst the competitors in the marketplace, that substantially impacts and limits the ability to conduct interstate commerce. Such restraints are illegal. … [Read more...]
RESPONDENTIA
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...]
RESTATEMENT OF THE LAW
Legal treatises that are well recognized analyses on the law and are given great weight and respect in legal argument. … [Read more...]
RESPONDERE NON DEBET
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...]
RESTAUR, OR RESTOR
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...]