Search Results for: absolute delivery

absolute

absolute, adj. 1. Free from restriction, qualification, or condition (absolute ownership). 2. Conclusive and not liable to revision (absolute delivery). 3. Unrestrained in the exercise of governmental power (absolute monarchy). — absolute, n.

absolute Read More »

chattel

chattel (chat-[schwa]l). (usu. pl.) Movable or transferable property; personal property; esp., a physical object capable of manual delivery and not the subject matter of real property. “That Money is not to be accounted Goods or Chattels, because it is not of it self valuable ….Chattels are either personal or real. Personal, may be so called

chattel Read More »

interesse termini

interesse termini (in-t[schwa]r-es-ee t[schwa]r-m[schwa]-nI). [Latin “interest of term or end”] Archaic. A lessee’s right of entry onto the leased property; esp., a lessee’s interest in real property before taking possession. • An interesse termini is not an estate; it is an interest for the term. It gives the lessee a claim against any person who

interesse termini Read More »

lex commissoria

lex commissoria (leks kom-i-sor-ee-a). [Latin “forfeiture clause” or “cancellation clause”] Roman law. 1. A term in a contract of sale allowing the seller to rescind the sale if the price was not paid by the agreed time. 2. A clause by which, in a pledge agreement, a debtor and creditor could agree that if the

lex commissoria Read More »

Scroll to Top