The Law Dictionary

SPECULATION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In commerce. The act or practice of buying lands, goods, etc.. in expectation of a rise of price and of selling them at an advance, as distinguished from a regular trade, in which the profit expected is the difference between the retail and wholesale prices, or the difference of price in the place where the goods are purchased, and the place where they are to be carried for … [Read more...]

SPECIALTY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

contracts. A writing sealed aud delivered, containing some agreement. In a more confined meaning, it signifies a writing sealed and delivered, which is given as a security for the payment of a debt, in which such debt is particularly specified. Bac. Ab. Obligation, A. 2. Although in the body of the writing it is not said, that the parties have set their hands and seals, yet if … [Read more...]

SPECULATIVE DAMAGES

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

When the damages claimed by a plaintiff are contingent upon an event or occurrence in the future that are not certain. For example, in a personal injury case a plaintiff may claim (without the testimony of a doctor) that it is possible that the broken bone that has healed may become arthritic and become painful. Such damages should not be awarded. See DAMAGES. … [Read more...]

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