A writ which lay for a man who, having had a day assigned him personally to appear in court in any action in which he was sued, was in the mean time, by commandment, employed in the king's service, so that he could not come at the day assigned. It was directed to the justices that they might not record him in default for that day. Cowell. … [Read more...]
WASH SALE
Sale and purchase of a stock within a very short time frame, usually to manipulate taxes, where a gain can be washed out by losses on the transaction. Law Dictionary - Alternative Legal Definition In the language of the stock exchange, this is the operation performed by a broker who fills an order from one customer to buy a certain stock or commodity by simply transferring to … [Read more...]
WARRANTIZARE
In old conveyancing. To warrant; to bind one's self, by covenant in a deed of conveyance, to defend the grantee in his title and possession. Warrantizare est defendere et acqui etare tenentem, qui warrantum. vocavit, in seisina sua; et tenens de re warrant! excambium habebit ad valentiam. Co. Litt. 365. To warrant is to defend and insure in peace the tenant, who calls for … [Read more...]
Wash. & Lee L. Rev.
Washington and Lee Law Review … [Read more...]
WAREHOUSEMAN
A warehouseman is a person who receives goods and merchandise to be stored in his warehouse for hire. 2. He is bound to use ordinary care in preserving such goods and merchandise, and his neglect to do so will render him liable to the owner. The warehouseman's liability commences as soon as the goods arrive, and the crane of the warehouse is applied to raise them into the … [Read more...]