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The Massachusetts act of assembly of 1805, c. 100, which provided that the tools of any debtor necessary for his trade and occupation, should be exempted from execution, was held to designate those implements which are commonly used by the hand of one man, in some manual labor necessary for his subsistence. The apparatus of a printing office, such as types, presses are not … [Read more...] about TOOLS

Complete; containing the whole; as the total amount of an account is all the items of such account added together; total incapacity, is an absolute and complete incapacity to do a thing. A married woman is totally incapable to make a contract, because, although having intelligence, she has not legal capacity and an idiot is totally incapable to enter into a contract, because he … [Read more...] about TOTAL

The tools which a person uses in performing work for his or her occupation, e.g. an electrician would have pliers, electrical tape, etc. Such tools of the trade are exempt property for bankruptcy purposes. … [Read more...] about TOOLS OF THE TRADE

A complete loss occurs where property is completely destroyed. Frequently used for insurance purposes, such as in auto insurance, where a total loss is also called a "write-off" which represents a judgment call made by an insurance company or insurer that the loss of value or cost of repair of the vehicle (or property) exceeds the policy value. As a result, repair is not a … [Read more...] about TOTAL LOSS

In Scotch law. An annual rent out of a house built in a burgh. Whishaw. A duty which, from the act 1551, c. 30, appears to have been due from certain lands in Edinburgh, the nature of which is not now known. Bell. … [Read more...] about TOP ANNUAL