A prodigal; a spendthrift 1 Bl. Comm. 306. … [Read more...]

Long and uniform practice. In its most extensive meaning this term includes custom and prescription, though it differs from them in a narrower sense, it is applied to the habits, modes, and course of dealing which are observed in trade generally, as to all mercantile transactions, or to some particular branches of trade. 2. Usage of trade does not require to be immemorial to … [Read more...]

This term generally excludes the day to which it relates; but It will be construed otherwise, if required by the evident Intention of the parties. Kendall v. Kings ley, 120 Mass. 95. Unnmqnodqne dissolvitur eodem li gamine quo ligatur. Every obligation is dissolved by the same solemnity with which it is created. Broom, Max. 884. Unumquodque eodem modo quo col ligatu est, … [Read more...]

commercial law. The term usance comes from usage, and signifies the time which by usage or custom is allowed in certain countries, for the payment of a bill of exchange. 2. The time of one, two or three mouths after the date of the bill, according to the custom of the places between which the exchanges run. 3. Double or treble is double or treble the usual time, and half usance … [Read more...]

The rule of evidence which obtains in the civil law, that the testimony of one witness is equivalent to the testimony of none. Wharton. … [Read more...]