Search Results for: OBSOLETE

divided damages rule

divided-damages rule. Maritime law. The obsolete principle that when two parties are jointly liable to a third party for a tort, each party is liable for only half the damages. • The courts now apply a comparative-negligence standard. [Cases: Collision 143. C.J.S. Collision §§ 242, 245, 259, 261–262.] “For over a hundred years admiralty law

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fair

fair, adj. 1. Impartial; just; equitable; disinterested (everyone thought that Judge Jones was fair). 2. Free of bias or prejudice (in jury selection, the lawyers tried to select a fair and impartial jury). fair, n. Hist. A privileged market for the buying and selling of goods. • A fair was an incorporeal hereditament granted to

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not law

not law. A judicial decision regarded as wrong by the legal profession. “Even when it is not possible to point out any decision that affects the point in question in any one of the ways enumerated, it sometimes happens that the profession has grown to ignore the old decision as wrong or obsolete; and though

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obsolescence

obsolescence (ob-s[schwa]-les-[schwa]nts). 1. The process or state of falling into disuse or becoming obsolete. 2. A diminution in the value or usefulness of property, esp. as a result of technological advances. • For tax purposes, obsolescence is usu. distinguished from physical deterioration. Cf. DEPRECIATION. [Cases: Taxation 348(4).] economic obsolescence. Obsolescence that results from external economic

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