TRADITION

contracts, civil law. The act by which a thing is delivered by one or more persons to one or more others. 2. In sales it is the delivery of possession by the proprietor with an intention to transfer the property to the receiver. Two things are therefore requisite in order to transmit property in this way: 1. The intention or consent of the former owner to transfer it; and, 2. … [Read more...] about TRADITION

Latin, meaning Delivery makes a deed speak. … [Read more...] about TRADITIO LOQUI CHARTAM FACIT

This term is used in the civil law to designate the delivery of a thing, by the mere consent of the parties; as, when Peter holds the property of Paul as bailee, and, afterwards, he buys it, it is not necessary that Paul should deliver the property to Peter, and he should re-deliver it to Paul, the mere consent of the parties transfers the title to Paul. … [Read more...] about TRADITIO BREVIS MANUS

Engaging in trade, pursuing the business or occupation of trade or of a trader. Trading corporation. See CORPORATION. 1 Trading partnership; Whenever the business of a firm, according to the usual modes of conducting it, imports, in its nature, the necessity of buying and selling, the firm is properly regarded as a "trading partnership" 2nd is invested with the powers and … [Read more...] about TRADING

Span. In Spanish law. Delivery. White, New Recop. b. 2, tit. 2, c. 9. … [Read more...] about TRADICION