This term is used in the civil law to designate the delivery of a thing, by the mere consent of the parties; as, when Peter holds the property of Paul as bailee, and, afterwards, he buys it, it is not necessary that Paul should deliver the property to Peter, and he should re-deliver it to Paul, the mere consent of the parties transfers the title to Paul. … [Read more...]
TRANSACT
In Scotch law. To compound. Amb. 185. … [Read more...]
TRADITIO LOQUI CHARTAM FACIT
Latin, meaning Delivery makes a deed speak. … [Read more...]
TRANSACTIO
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...]
TRADITION
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...]