See S Corporation … [Read more...]

A contract subordinate to another contract made or intended to be made between the contracting parties on one part or some of them and a stranger. 1 II. Bl. 37 45. Where a person has contracted for the performance of certain work (e.g.. to build a house) and he in turn engages a third party to perform the whole or a part of that which is included in the original contract (e.g. … [Read more...]

A person, party or business that is hired by an independent contractor to perform all or part of the work for which the independent contractor was hired to perform. Most common are specialized tasks for a construction project which a subcontractor is hired to perform, e.g. an electrician, plumber, painter. … [Read more...]

Latin: In old English law. A vassal; a dependent; any one under the power of another. Spelman. … [Read more...]

To divide a part of a thing which has already been divided. For example, when a person dies leaving children, and grandchildren, the children of one of his own who is dead, his property is divided into as many shares as he had children, including the deceased, and the share of the deceased is subdivided into as many shares as he had children. … [Read more...]