A term used In a quasi legal sense to indicate that the character of assignability or negotiability attaches to the particular instrument or that it may pass from hand to hand carrying all rights of the original holder. The words "not transferable" are sometimes printed upon a ticket receipt or bill of lading to show that the same will not be good in the hands of any person … [Read more...]

See COVENANT … [Read more...]

He to whom a transfer is made. … [Read more...]

Passing from place to place; that may pass or be changed from one place to another; not confined to one place; the opposite of "local." Transitory action. Actions are said to be either local or transitory. An action is "local," when the principal facts on which it is founded pertain to a particular place. An action is termed "transitory," when the principal fact on which it is … [Read more...]

Scotch law. The name of an action by which a suit, which was pending at the time the parties died, is transferred from the deceased to his representatives, in the same condition in which it stood formerly. If it be the pursuer who is dead, the action is called a transference active; if the defender, it is a transference passive. … [Read more...]