Contracts. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter. 2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. … [Read more...]
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TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.