STIPULATIO

Lat. In the Roman law, stipulatio was the verbal contract (verbis obligatio,) and was the most solemn and formal of all the contracts in that system of jurisprudence. It was entered Into by question and corresponding answer thereto, by the parties, both being present at the same time, and usually by such words as "spondes spondeo," "promittis promitto" and the like. Brown. … [Read more...] about STIPULATIO

contracts. The sum agreed by the parties to be paid, on a breach of a contract, by the party violating his engagement to the other. 2. It is difficult to distinguish, in some cases, between stipulated damages and a penalty; 3 Chitty's Commer. Law, 627; 2 Bos. & Pull. 346. The effect of inserting stipulated damages, either at law or equity, a pears to be, that both parties … [Read more...] about STIPULATED DAMAGES

Liquidated damage agreed to in a contract. … [Read more...] about STIPULATED DAMAGE

Relating to stirpes, roots, or stocks. "Stipital distribution" of property is distribution per stirpes; that is, by right of representation. … [Read more...] about STIPITAL

Latin: In old English law. Stock; a stock; a source of descent or title. Communis stipes, the common stock. Fleta, lib. 6, c. 2. … [Read more...] about STIPES