TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
contracts. The art of doing a thing as it ought to be done. 2. Every person who purports to have skill in la business, and undertakes for hire to perform it, is bound to do it with ordinary skill, and is responsible civilly in damages for the want of it; and sometimes he is responsible criminally. 3. The degree of skill and diligence required, rises in proportion to the value … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
For tax purposes, to skip a generation in order to pass on property to further generations and minimize any tax liability, e.g. from grandparent to grandson. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The failure to honor one's pledge to appear in court at a future designated time after bail was paid to secure the defendant's release. The bail money paid is forfeited. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Stock keeping unit … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
In old records. A long, flat, and narrow piece or strip of ground Paroch. Antiq. 465. … [Read more...]