Bankruptcy that is voluntarily filed by the debtor, as opposed to involuntary bankruptcy which is filed by a creditor of the debtor. … [Read more...]
VOLUNTEER
In conveyancing, one who holds a title under a voluntary conveyance, i.e., one made without consideration, good or valuable, to support it A person who gives his services without any express or implied promise of remuneration in return is called a "volunteer," and is entitled to no remuneration for his services, nor to any compensation for Injuries sustained by him in … [Read more...]
VS
Abbreviation for versus. … [Read more...]
VOLUNTARY CONVEYANCE
contracts. The transfer of an estate made without any adequate consideration of value. 2. Whenever a voluntary conveyance is made, a presumption of fraud properly arises upon the statute of 27th Eliz. cap. 4, which presumption may be repelled by showing that the transaction on which the conveyance was founded, virtually contained some conventional stipulations, some compromise … [Read more...]
VOLUNTEERS
(A) contracts. Persons who receive a voluntary conveyance. 2. It is a general rule of the courts of equity that they will not assist a mere volunteer who has a defective conveyance. (B) army. Persons who in time of war offer their services to their country and march in its defence. 2. Their rights and duties are prescribed by the municipal laws of the different states. But when … [Read more...]