This term is borrowed from the laws of France, and is used in Louisiana; the societe en commendite, or partnership in commendam, is formed by a contract, by which one person or partnership agrees to furnish another person or partnership a certain amount, either in property or money, to be employed by the person or partnership to whom it is furnished, in his or their own name or … [Read more...] about SOCIETE EN COMMENDITE
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SMOKE-FARTHINGS
In old English law. An annual rent paid to cathedral churches; another name for the pentecostals or customary oblations offered by the dispersed inhabitants within a diocese, when they made their processions to the mother cathedral church. Cowell. … [Read more...] about SMOKE-FARTHINGS
SLEEPING PARTNER
A dormant partner; one whose name does not appear in the firm, and who takes no active part in the business, but who has an interest in the concern, and shares the profits, and thereby becomes a partner, either absolutely, or aa respects third persons. … [Read more...] about SLEEPING PARTNER
SMOKE-SILVER
In English law. A sum paid to the ministers of divers parishes as a modus in lieu of tithe-wood. Blount … [Read more...] about SMOKE-SILVER
SLEEPING RENT
In English law. An expression frequently used in coal-mine leases and agreements for the same It signifies a fixed or dead, i.e., certain, rent as distinguished from a rent or royalty varying with the amount of coals gotten, and is payable although the mine should not be worked at all, but should be sleeping or dead, whence the name. Brown. … [Read more...] about SLEEPING RENT