The process of dissolving a corporation or partnership by paying off its debts, settling accounts and collecting the remaining assets for distribution to the shareholders. … [Read more...]
WILD’S CASE, RULE IN
A devise to B. and his children or issue, B. having no issue at the time of the devise, gives him an estate tall; but. if he have issue at the time, B. and his children take joint estates for life. 6 Coke, 166; Tudor, Lead. Cas. Real Prop. 542, 58L … [Read more...]
WINDING-UP ACTS
In English law. General acts of parliament, regulating settlement of corporate affairs on dissolution. … [Read more...]
WILFULL
intentionally. 2. In charging certain offences it is required that they should be stated to be willfully done. Arch. Cr. Pl. 51, 58; Leach's Cr. L. 556. 3. In Pennsylvania it has been decided that the word maliciously was an equivalent for the word willfully, in an indictment for arson. … [Read more...]
WINDOW
An opening made in the wall of a house to admit light and air, and to enable those who are in to look out. 2. The owner has a right to make as many windows in his house when not built on the line of his property as he may deem proper, although by so doing be may destroy the privacy of his neighbors. 3. In cities and towns it is evident that the owner of a house cannot open … [Read more...]