T

In Scotch law. To compound. Amb. 185. … [Read more...] about TRANSACT

Latin, meaning Delivery makes a deed speak. … [Read more...] about TRADITIO LOQUI CHARTAM FACIT

Lat. In the civil law. The settlement of a suit or matter in controversy, by the litigating parties, between themselves, without referring it to arbitration. Hallifax, Civil Law, b. 3, c. 8, no. 14. An agreement by which a suit, either pending or about to be commenced, was forborne or discontinued on certain terms. Calvin. … [Read more...] about TRANSACTIO

contracts, civil law. The act by which a thing is delivered by one or more persons to one or more others. 2. In sales it is the delivery of possession by the proprietor with an intention to transfer the property to the receiver. Two things are therefore requisite in order to transmit property in this way: 1. The intention or consent of the former owner to transfer it; and, 2. … [Read more...] about TRADITION

contracts, civil law. An agreement between two or more persons, who for the purpose of preventing or putting an end to a law-suit, adjust their differences by mutual consent, in the manner which they agree on; in Louisiana this contract must be reduced to writing. Civil Code of Louis, 3038. 2. Transactions regulate only the differences which appear to be clearly comprehended in … [Read more...] about TRANSACTION