Search Results for: REAL LAW

vitium reale

vitium reale (vish-ee-[schwa]m ree-ay-lee). [Latin “true error”] Hist. & Scots law. A defect in a title that renders the movable property nontransferable; specif., an inherent vice in the title of anyone who holds a stolen thing, even if acquired honestly, so that the true owner can reclaim it. Cf. LABES REALIS QUAE REI INHAERET. “A

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conflict of laws

conflict of laws. 1. A difference between the laws of different states or countries in a case in which a transaction or occurrence central to the case has a connection to two or more jurisdictions. — Often shortened to conflict. Cf. CHOICE OF LAW. [Cases: Action 17. C.J.S. Actions §§ 18–20; Conflict of Laws §§

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legal realism

legal realism, n. The theory that law is based, not on formal rules or principles, but instead on judicial decisions that should derive from social interests and public policy. • American legal realism — which flourished in the early 20th century — was espoused by such scholars as John Chipman Gray, Oliver Wendell Holmes, and

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real contract

Hist. A contract in which money or other property passes from one party to another; a contract requiring something more than mere consent, such as the lending of money or handing over of a thing. • This term, derived from Roman law, referred to contracts concerning both personal and real property. Real contracts in-cluded transactions

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